California lawmakers revive virus tax break for businesses

April 20, 2021

The tax break only applies to companies that are not publicly traded and those that reported a loss of at least 25% of gross receipts during at least one quarter in 2020.

“While it does exclude some businesses, it’s a very small number,” said state Sen. Nancy Skinner, a Democrat from Berkeley and chair of the Senate Budget and Fiscal Review Committee.

 

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