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Jerry Brown seeks to eliminate firms' ability to choose between California tax formulas

Jan 13, 2011 10:08:32 PM- latimes.com
The choice, which just took effect, gives companies an incentive to create new jobs outside California, a state analyst says. Eliminating the provision would bring in $1 billion annually, a report says.

One of the hottest debates over Gov. Jerry Brown's $84.6-billion budget involves a $1-billion corporate tax break that businesses promise will spur job growth but that independent analysts say actually gives California companies an incentive to expand out of state.

USA, California: (Latest Stories)