RELEASE: Legislation Incentivizing Life-Saving Innovation Advances
SACRAMENTO — At a pivotal point in global pandemic response and recovery, the Assembly’s Revenue and Taxation Committee voted unanimously to support AB 593 which will incentivize the innovation of life-saving therapies, like the COVID-19 vaccine. The Golden State Innovation Act, authored by Assemblywoman Cottie Petrie-Norris, restores critical tax incentives that make it possible for life science companies to perform cutting-edge research and development that will ultimately end the pandemic.