BILL NUMBER: AB 984	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Grove

                        FEBRUARY 18, 2011

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 984, as introduced, Grove. Income taxes: credits: Mojave Air
and Space Port Region.
   The Personal Income Tax Law and the Corporation Tax Law allow a
taxpayer to claim certain tax incentives for activities conducted in
an enterprise zone, the Los Angeles Revitalization Zone, or in a
targeted tax area, including credits for the amount of sales or use
tax paid or incurred in connection with the purchase of qualified
property and for certain wages paid to specified employees, treatment
of the cost of certain depreciable property as an expense that is
deductible, and a deduction for net operating losses.
   This bill would state the intent of the Legislature to enact
similar tax incentives for activities conducted in the Mojave Air and
Space Port Region.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to enact
legislation to provide taxpayers with tax incentives for activities
conducted in the Mojave Air and Space Port Region.