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California is Reinstating Net Operating Loss Deductions and Tax Credits for California Companies

SB 113 Headed to the Governor’s Desk

SACRAMENTO Today, Monday, February 07, 2022, the Legislature took early budget action to restore tax credits and Net Operating Loss (NOL) deductions for California companies – including California’s Research & Development tax credit. Budget bill SB 113 (Economic Relief – COVID 19 Pandemic) passed the Assembly 68-0.

RELEASE: Assemblymembers Luz Rivas, Mark Stone, and Cottie Petrie-Norris Introduce Legislation to Ban Single-Use Vapes and Tobacco Filters

SACRAMENTO – Today, Assemblywoman Luz Rivas (D-San Fernando Valley), Chair of the Assembly Committee on Natural Resources, introduced Assembly Bill (AB) 1690 at a virtual press conference alongside the bill’s joint authors, Assemblymembers Mark Stone (D-Monterey Bay) and Cottie Petrie-Norris (D-Irvine), and its sponsor, the National Stewardship Action Council. AB 1690 prohibits the sale of single-use vapes and tobacco filters found in cigarettes and cigars to result in the use of less wasteful alternatives.