California SB587 provides tax credits for manufacturing and research and development investments.
California SB587 introduces tax credits for manufacturing and research and development investments. It allows credits for qualified tax payments made during taxable years from 2026 to 2030. The credits aim to encourage investment in California. The Franchise Tax Board can prescribe regulations for administering these credits. The bill includes reporting requirements and specifies that it will be repealed after December 1, 2031.
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- Critical Issues
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