Assemblymember Marie Waldron –In the last legislative session, I was proud to support SB 1447 providing tax credits for businesses that hire new employees. Today, I am excited to announce that as a result of that bill, California’s $100 million Main Street Hiring Tax Credit is now available!
Starting today, December 1st, small business owners can request their credit reservation online by clicking here. This tax credit will help businesses by providing a $1,000 tax credit per qualified employee, up to $100,000 for each business. These tax credits will be distributed on a first-come first-serve basis. If you are a small business owner, I encourage you to apply immediately!
Additionally, as part of the small business relief, California is making $500,000,000 available in reserve funds for grants to small businesses, as well as providing billions in sales tax deferrals. Businesses can apply for grants up to $25,000. Click here for more information!
If you have any questions, please do not hesitate to contact my office at 760-480-7570. We are here to serve you!
Capitol Office State Capitol, Suite #3104, Sacramento, CA 94249
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