- Created on Thursday, 30 January 2014 19:28
- Written by IVN
Sacramento, California - State Assemblymember V. Manuel Pérez is pleased to announce that he introduced two pieces of legislation this week:
AB 1564 Research & Development Tax Credit: With the goal of spurring innovation, business development, and job creation, AB 1564 bill would double the state’s research and development tax credit from 15% to 30%.
“An enhanced R&D tax credit helps to incentivize businesses to risk their capital to develop new products and technologies, helping to keep California at the front of the pack as an innovation leader,” said Pérez. “And when businesses are able to transform an idea into a product, it spurs economic development and local investment in the form of business creation and jobs.”
An increased research and development tax credit was also proposed as one element of Pérez’s 2013 bill, AB 653, the California Jobs and Innovation Act, which was held on suspense last year in Assembly Appropriations.
AB 1565 Veterans Unified Application: AB 1565 seeks to facilitate access to services for California veterans through a unified application process. The bill calls upon the California Department of Veterans Affairs (CalVet) to identify the most frequently accessed and needed services by veterans and to use that information to create single form that veterans can use to apply for state services.
“A recurring theme in my conversations with local veterans groups is that veterans lack access to services,” said Pérez. “This bill seeks to simplify the process of applying for services through the use of a unified application process, so that veterans don’t have to wade through a sea of paperwork to get the supports they need to succeed in their civilian lives.”