Attorney General No.
Secretary of State No.
REPEALS STATE TAX BENEFITS GRANTED BUSINESSES OPERATING IN ECONOMICALLY DISTRESSED AREAS. INITIATIVE STATUTE. Eliminates the additional state income tax deductions and credits that may be taken by businesses operating within economically distressed areas designated as enterprise zones under California law. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Increased state revenues of around $1 billion per year upon full implementation. Potential net increases or decreases in revenues of certain local governments depending on how the elimination of enterprise zones affects future decisions of businesses about where to locate, expand, or hire workers. (13-0005.)
Lance Olson (916) 442-2952
Failed to Qualify
Repeals State Tax Benefits Granted Businesses Operating in Economically Distressed Areas. Initiative Statute. California Initiative 1595 (2013).