Vote Smart's Synopsis:

Vote to pass a bill that requires the franchise tax board to prioritize reservations for qualified small businesses in California.

Highlights:

• Amends dates and years related to tax credits (Sec. 2). 

• Amends bill to read “qualified taxpayer” and not “an eligible individual” (Sec. 2). 

• Specifies that this section shall become inoperative if the Franchise Tax Board receives notice from the Department of Finance of a final judicial determination that the tax (Sec. 2). 

• Repeals language concerning digital interfaces and services related to digital interfaces (Sec. 5). 

• Specifies the tax imposed by this section shall not apply to any person with less than $2.5 billion in gross receipts derived from data extraction transactions in this state in the taxable year (Sec. 5).

Full Bill Text