August 30, 2024

Why We Oppose Prop. 24

California Needs More Jobs, Not a Jobs Tax

San Anselmo Chamber of Commerce is working with a bi-partisan coalition of business organizations, taxpayer groups, and hundreds of individual companies, large and small, to help defeat Proposition 24 on the November statewide ballot. We urge you to add your company�s name to the No on 24 opposition list and ensure you are registered to vote in time to defeat this direct assault on California businesses.

Prop. 24 would undo recent state tax updates that were designed to help businesses survive
the recession and grow new jobs. The State Franchise Tax Board estimates 120,000 businesses could be impacted and a recent economic study reveals it could cost California 144,000 jobs. It:

• Takes away a lifeline for small businesses, substantially limiting their ability to offset Net Operating Losses against Net Income over time;
• Prohibits affiliated businesses from sharing earned tax credits within their own unitary tax group; and
• Reinstates an outdated �jobs tax� on some employers, financially penalizing companies that create new jobs.

With so many businesses struggling to survive, California already has one of the highest unemployment rates in the nation.

Shouldn�t our state laws encourage job growth rather than penalize it as Prop. 24 would do?

Quick Links

Add your Company to the No-on-24 Coalition List
http://www.stopprop24.com/home/join-as-an-organization/

Register to Vote for the November Election
http://www.stopprop24.com/get-involved/
Mid October is the deadline to register.

Learn More About Prop. 24
http://www.stopprop24.com/
Richard Dye
209.765.5053
[email protected]

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