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BioCommunique Article

The State Legislature is prioritizing the most pressing bills for the year. Biocom continues to stay focused on SB 972.

State Legislature Returns to Sacramento

  • 2020-05-15T19:00:00.000+0000
  • California
  • Author: Jimmy Jackson

After an almost two month shutdown due to observance of statewide Stay at Home orders, the State Legislature has returned to Sacramento on a highly modified schedule to take much-needed action on pending legislation and the 2020-21 state budget. Legislative leadership in both houses have strongly encouraged members to minimize legislation that is not pressing this year or does not deal in some way with one of those subject areas.

One recently amended bill that Biocom is engaging on is SB 972, which would publicly identify on a Franchise Tax Board website companies with gross receipts above a certain threshold (currently identified as $5B), including those companies’ state tax liability and amount of any credits received.

Other bills authors are still pursuing are still evolving, and Biocom continues to monitor changes closely as it is still difficult to assess what exactly will be pursued by legislators. Stay up to date on the status of all bills Biocom is tracking.