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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.

ADVISORY: Joint Oversight Hearing - Hearing Will Focus on the Decommissioning of Offshore Oil Production in California

SACRAMENTO – On Tuesday, January 25, 2022, as Chair of the Assembly’s Select Committee on the Orange County Oil Spill, Assemblywoman Cottie Petrie-Norris is convening a Joint Oversight Hearing with the Assembly Natural Resources Committee and Assembly Budget Subcommittee No. 3 on Climate Crisis, Resources, Energy, and Transportation. Legislators will explore the past and present efforts to decommission offshore oil production off the coast of California and explore legislative proposals.

RELEASE: Legislative Women’s Caucus Leaders Announce United Plan on Reproductive Freedom in Honor of ‘Roe v. Wade’ 49th Anniversary

In honor of the 49th Anniversary of Roe. V. Wade, California Legislative Women’s Caucus Chair Assemblywoman Cristina Garcia (D-Bell Gardens), Vice Chair Senator Nancy Skinner (D-Berkeley), Senate President pro Tempore Toni G. Atkins (D-San Diego), and other caucus members announced a united effort today to strengthen and expand access to abortion and ensure that California is a national beacon for reproductive freedom.

RELEASE: Statement from Assemblywoman Cottie Petrie-Norris on Governor’s Proposed Budget

SACRAMENTO - Assemblywoman Cottie Petrie-Norris, Chair of the Accountability & Administrative Review Committee, released the following statement in response to Governor Gavin Newsom’s proposed 2022-2023 State Budget:

“The Governor’s budget proposal comes as we enter the third year of the pandemic. This is a critical juncture for California— we must continue to combat the COVID-19 crisis and make the investments that will enable us to forge a swift, robust and equitable recovery.