Government
Sep. 13, 2011
Tax plan won't help start-ups
Proposed corporate tax revisions that offer a 4 percent sales tax break to start-ups on equipment purchases might help some large clean-tech start-ups, but would do practically zilch for the majority of the state's start-ups, lawyers said.
Daily Journal Staff Writer
Gov. Jerry Brown's proposed corporate tax revisions boast a four percent sales tax break to startups on equipment purchases. While the proposal might help some large clean-tech startups, it would do practically zilch for the majority of the state's startups - technology-based companies that don't make many equipment purchases, according to legal experts in the field.
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