Sunday, June 27, 2010
Limit corporate tax breaks initiative qualifies
An initiative to repeal corporate tax breaks that lawmakers approved in the past two years has made it on the November ballot.
The measure, backed by the California Teachers Association, targets tax benefits that would give businesses more flexibility in calculating their tax liability. The campaign reached the 477,369 valid voter signature projection needed to qualify based on a random sample of petition signatures.
It's the seventh measure that Secretary of State Debra Bowen has certified so far for the Nov. 2 ballot. Today is the deadline for voter initiatives to qualify for the ballot.