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Public Policy Newsletter Article

Biocom California Co-Sponsored Tax Legislation Approaching First Hearing

  • 2021-03-25T15:00:00.000+0000
  • Author: Jimmy Jackson

Bills affecting Biocom California members will start being heard in earnest in April, including Biocom co-sponsored AB 593 (Petrie-Norris), which would restore the ability of life science companies to fully utilize net operating loss (NOL) and research and development credits, which were limited last year in anticipation of state budget losses as a result of the pandemic. A list of bills Biocom CA is following can be found here.