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The Nexus
BUSINESSJun 8 · 16:41 UTCLAISTLevi Sumagaysay | CalMatters

California wants to cap business tax credits, alarming life sciences and tech industries

California’s proposed cap on corporate tax credits, set to take effect in 2027, has drawn opposition from the life sciences and tech industries, which argue it would threaten their economic contributions and innovation. The policy aims to ensure large corporations pay minimum taxes while lawmakers debate its impact on state revenue and business incentives.

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CaliforniaplaceGavin Newsompersonlife sciences industrytopictech industrytopicRobert RivaspersonMonique LimonpersonLegislative Analyst’s OfficeorganizationInovio Pharmaceuticalsorganization
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