Viewing blog posts written by Ashley Hong
Send a signal to potential CA MFG investments now
Posted by Ashley Hong
, Policy Intern on June 12, 2017
I penned the piece below this week for the LA Daily News on the urgency of extending the State's sales tax exemption on manufacturing equipment purchases. California must send a message soon that we want to attract the manufacturing jobs and investments we need to support a growing middle class in the State.
Guest Commentary: Manufacturers need help from California tax policy
Every day we hear about manufacturers embracing exciting new technologies to improve products, speed up production and be ever more efficient and environmentally responsible. Manufacturing workers are using robotics, sensors, 3D equipment and computerized supply-chain logistics to make their companies more competitive.
As the largest industrial state in the country, California must look for ways to capitalize on these trends by encouraging new manufacturing investments and jobs. Buying new manufacturing equipment is not cheap, but there is something our lawmakers can do to help.
Competitive tax policy for the purchase of manufacturing equipment is scheduled to expire in 2022. That sounds like a world away, but manufacturers are long-term planners who need more than five years of predictable tax policy to commit to major manufacturing investments. Unless we act soon, we will again become one of a few states that tax these purchases. … READ MORE ON LA DAILY NEWS
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