Governor, legislative leaders took some beneficial actions for California’s Main Streets
SACRAMENTO, Calif., Feb. 17, 2021—From John Kabateck, California state director for the National Federation of Independent Business (NFIB) on today’s package of initiatives announced by Gov. Gavin Newsom, Senate President Toni Atkins, and Assembly Speaker Anthony Rendon.
“We were delighted to see the governor and legislative leaders make the recovery of small businesses a top priority. With tax time around the corner, we are especially grateful that businesses will be allowed to deduct up to $150,000 from expenses covered by the federal PPP. Many California businesses have been in a quandary over how to properly file 2020 taxes. This is welcome news.
“Furthermore, we are also pleased state leaders recognized the need for two years of fee relief for specific shuttered businesses and increasing the amount of funds available for small business grants.”
Keep up with the latest on California small-business news at www.nfib.com/california, or by following NFIB on Twitter @NFIB_CA or on Facebook @NFIB.CA.
For more than 77 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
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