BILL NUMBER:  SB 364
  VETOED	DATE: 10/07/2011




To the Members of the California State Senate:

I am returning Senate Bill 364 without my signature.

This bill imposes penalties on businesses claiming future-enacted
hiring/employment credits should the business's number of employees
drop by more than 10% during a year.

The tactic used in this bill can be effective for assuring that
businesses deliver promised employment to the State in exchange for
valuable credits.  Unfortunately, the bill's approach is too broad.
Penalties should be tailored to the unique provisions of each tax
credit given.

Sincerely,



Edmund G. Brown Jr.