ACTION REQUIRED: California Introduces Manufacturing Equipment Sales Tax Credit Legislation
DON’T DELAY! Please contact the California legislature immediately in support of AB 52:
California Assembly Member Tim Grayson (D-Concord) introduced SEMA-supported legislation (AB 52) that will provide businesses with a tax credit equal to what they pay in local sales tax for qualified manufacturing equipment.
If enacted, AB 52 would effectively eliminate the sales tax on most manufacturing equipment purchases. SEMA members are encouraged to register their support for the bill.
AB 52 is scheduled to be heard in the Assembly Committee on Revenue & Taxation on April 17.