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Assembly Revenue & Taxation subcommittee refers a slate of tax bills to suspense file after hour-long hearing
Summary
The Assembly Revenue & Taxation Subcommittee heard presentations on a package of tax measures — from a cleanup tax credit for small businesses to proposals limiting investor like-kind exchanges, farm tax credits, extensions for solar property-tax exclusions and several conformity measures — and referred each item to the committee's suspense file for later consideration.
The Assembly Revenue & Taxation Subcommittee met in Sacramento and heard presentations and stakeholder testimony on a dozen tax-related bills before referring each to the committee's suspense file for additional review.
Chair opened the session by reminding participants that bills with revenue impacts over $150,000 are not eligible for immediate votes and will be placed on the suspense file. After a roll call established a quorum, members heard authors and witnesses explain the measures.
Miss Winn, presenting AB 1606, described a five-year, targeted tax credit (2027—2032) of up to $20,000 annually intended to reimburse small commercial-property owners for cleanup costs tied to illegal dumping, encampments and abandoned property. "These are real costs. Business owners are spending thousands of dollars just to keep their properties clean, safe, and open," Miss Winn said. Audrey Rytaycek of Cruise Strategies, speaking for the California Business Properties Association, called the proposal a "targeted practical solution" and asked the committee for an "I" vote. No…
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