Increases from 20% to 100% the portion of real property taxes that a manufacturer may take as a business franchise or personal income tax credit.
Income taxes: credits: manufacturers’ machinery and equipment.
Personal income taxes: credit: manufacturing: sales and use taxes.
Provides for an angel investor income tax credit for investments in qualified businesses that exceed $25,000.
Personal income taxes: corporation taxes: credits: California New Markets Tax Credit.
Increases gross income tax credit for homestead property taxes paid from $50 to $200.
Personal income taxes: corporation taxes: credits: California New Markets Tax Credit.
Income taxes: credits: corporate tax rate: minimum franchise tax: critical needs fund.
Increases amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments; increases property tax credit option for certain individuals.
Income taxes: credits: intermodal equipment manufacturing.