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Main Street Hiring Tax Credit

Governor Newsom Signs Small Business Tax Credit, COVID-19 Support Bills Into Law

Income tax papers and calculator on desk

Governor Gavin Newsom signed three new bills into law Wednesday, providing support for California’s small businesses during the COVID-19 pandemic, officials said. https://www.facebook.com/CAgovernor/videos/350576609635849   One of the laws allows small businesses to exclude Paycheck Protection Program (PPP) loans from gross income for state taxes, while another authorizes a hiring tax credit program to support small businesses grappling with the impact ...

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