SB 74

  • California Senate Bill
  • 2021-2022 Regular Session
  • Introduced in Senate Dec 10, 2020
  • Senate
  • Assembly
  • Governor

Keep California Working Act.

Abstract

Existing law establishes the Office of Small Business Advocate within the Governor's Office of Business and Economic Development for the purpose of advocating for the causes of small business and to provide small businesses with the information they need to survive in the marketplace. This bill, the Keep California Working Act, would establish the Keep California Working Grant Program. The act would require the Small Business Advocate to administer the program and award grants, as specified, to small businesses and nonprofit entities that meet specified criteria, including that the entity has experienced economic hardship resulting from the COVID-19 pandemic. The act would specify that grant money awarded pursuant to the program may be used only for specified purposes, including payroll costs, health care benefits, paid sick, medical, or family leave, and insurance premiums. The act would appropriate $2.6 billion dollars to the Office of Small Business Advocate for those purposes. The Personal Income Tax Law and the Corporation Tax Law, in conformity with federal income tax law, generally define "gross income" as income from whatever source derived, except as specifically excluded, and provide various exclusions from gross income. This bill would exclude from gross income, for state income tax purposes, the amount of a grant awarded pursuant to the Keep California Working Grant Program. This bill would declare that it is to take effect immediately as an urgency statute.

Bill Sponsors (48)

Dahle

     
Coauthor

Gonzalez

     
Coauthor

Jones

     
Coauthor

Rubio

     
Coauthor

Fong

     
Coauthor

Blanca Rubio

     
Coauthor

Smith

     
Coauthor

Votes


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Actions


Feb 02, 2021

Senate

From committee with author's amendments. Read second time and amended. Re-referred to Com. on B., P. & E.D.

  • Amendment-Passage
  • Committee-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on B., P. & E.D.

Jan 28, 2021

Senate

Referred to Com. on B., P. & E.D.

  • Referral-Committee
Com. on B., P. & E.D.

Jan 11, 2021

Senate

Read first time.

Dec 11, 2020

Senate

From printer. May be acted upon on or after January 10.

Dec 10, 2020

Senate

Introduced. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB74 HTML
12/10/20 - Introduced PDF
02/02/21 - Amended Senate PDF

Related Documents

Document Format
No related documents.

Sources

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