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1875 - John F. Powell, an Irish immigrant, becomes Justice of the Peace [story]
John F. Powell


| Wednesday, Sep 9, 2020
small businesses
Diners have lunch on the street in Old Pasadena, a pleasant perk from the novel coronavirus as cities block off lanes of traffic to accommodate restaurants and state-mandated outdoor dining. (Courthouse News photo / Bill Girdner).

 

SACRAMENTO — Granting relief to small businesses hit hardest by the pandemic, California Governor Gavin Newsom on Wednesday signed legislation intended to keep Main Street afloat and spur new jobs.

Warning that over 40% of the state’s small businesses are at risk of closing, Newsom approved a law that will allow businesses to claim a $1,000 tax credit for each net increase in full-time employees. The hiring credit will apply to businesses with fewer than 100 employees that have suffered a 50% decrease in gross revenue.

“This is really about the lifeblood of California’s economy, it’s about a sense of pride and spirt that we all have,” said Newsom during a signing ceremony. “This is about the California dream.”

Under Senate Bill 1447, the state will offer up to $100 million in hiring credits, with benefits for individual businesses capped at $100,000. The tax credit is good for qualified hires between July and November and the credit can be applied over the next five years.

Supporters say the bill, hastily proposed during the final week of the legislative session, was drawn up as means to benefit minority and immigrant-owned businesses struggling in rural parts of the state. State Sen. Anna Caballero says SB 1447 will give business owners badly needed resources to rehire staff lost during the pandemic’s early stages.

“This pandemic has really placed an incredible burden on them and their family because their dreams have been delayed,” said Caballero, D-Salinas. “This tax credit is going to be tremendously important.”

The measure passed unanimously on the final day of the session in both the Senate and Assembly, but concerns were raised about its scope.

An Aug. 30 analysis by the Assembly Revenue and Taxation Committee cautions the relief won’t be available to small businesses that have yet to actually start their economic rebound. The committee’s lawyers additionally note the credits are available on a first-come, first-served basis, meaning the most adept businesses could scoop up the relief.

“This bill provides the most generous credit amounts to those businesses that have been able, for whatever reason, to hire back their workforce during the five-month period beginning July 1, 2020,” the analysis states. “Thus, it could be argued that this bill confers the most generous benefits on those businesses that are well on their way to recovery, as opposed to those businesses currently unable to operate at anything comparable to a pre-pandemic normal.”

Newsom also inked legislation that will allow businesses to exclude federal Paycheck Protection Program loans from their gross income tax filings. Both bills go into effect on Jan. 1, 2021.

The bill’s author said the loan forgiveness is necessary to ensure that businesses fortunate enough to receive the federal relief aren’t penalized with new tax liabilities next spring.

“Small businesses need protection — they are taking the brunt of the economic impact created by Covid-19,” said Assemblywoman Autumn Burke, D-Marina del Rey, in a statement. “The federal Paycheck Protection Program was designed to help businesses stay afloat during this crisis and AB 1577 furthers that goal by preventing surprise tax bills and easing administrative burdens for thousands of California’s small businesses.”

— By Nick Cahill, CNS

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SCV NewsBreak
LOCAL NEWS HEADLINES
Friday, May 7, 2021
Wilk Introduces Resolution Urging Congress to Amend the Social Security Average Wage Index
Sen. Scott Wilk, R-Santa Clarita, announced the introduction of Senate Joint Resolution 5, urging the federal government to immediately pass a correction to the Social Security formula to protect benefits for millions of Americans who turned 60 during the pandemic.
Friday, May 7, 2021
City Council to Consider Federal Funds in Support of Future Local Affordable Housing
The Santa Clarita City Council will consider allocating a little over $3.5 million in federal funding intended to support low- and moderate-income residents with decent and affordable housing and economic opportunities.
Friday, May 7, 2021
RNRN Calls on Nurse Volunteers to Administer Covid-19 Vaccine Doses
Nurses Week is underway and the Registered Nurse Response Network (RNRN) is calling on registered nurse volunteers to assist with Covid-19 vaccinations at the Kedren Community Health Center in partnership with International Medical Corps.
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Latest Additions to SCVNews.com
1875 - John F. Powell, an Irish immigrant, becomes Justice of the Peace [story]
John F. Powell
Sen. Scott Wilk, R-Santa Clarita, announced the introduction of Senate Joint Resolution 5, urging the federal government to immediately pass a correction to the Social Security formula to protect benefits for millions of Americans who turned 60 during the pandemic.
Wilk Introduces Resolution Urging Congress to Amend the Social Security Average Wage Index
The Santa Clarita City Council will consider allocating a little over $3.5 million in federal funding intended to support low- and moderate-income residents with decent and affordable housing and economic opportunities.
City Council to Consider Federal Funds in Support of Future Local Affordable Housing
The owners of Maria’s Italian Deli in Newhall, past and present, celebrated the restaurant’s reopening Wednesday, following last year’s announcement it would be closing its doors after 47 years.
Maria’s Italian Deli Celebrates Reopening Under New Owners
After publicly expressing their support for hosting live graduations earlier this year, William S. Hart Union High School District officials outlined their proposed plans for the Class of 2021 ceremonies during their Wednesday night governing board meeting.
Hart District Outlines Plans for Live Graduations
After plans fell through for a $100 million mall expansion that would have brought a second Costco to the Santa Clarita Valley, representatives from the big box retailer reached out to city officials to see if they could still make a second location a reality.
Costco Still Seeks Second Location in SCV
Nurses Week is underway and the Registered Nurse Response Network (RNRN) is calling on registered nurse volunteers to assist with Covid-19 vaccinations at the Kedren Community Health Center in partnership with International Medical Corps.
RNRN Calls on Nurse Volunteers to Administer Covid-19 Vaccine Doses
The Los Angeles County Sheriff’s Department announced it will begin a phased reopening of jail visitations at the Century Regional Detention Facility starting on Mother’s Day weekend, with all other locations predicted to reopen in June.
May 8: LASD Announce Jail Visitations to Resume at Century Regional Detention Facility
Calling all high school and college seniors – the city of Santa Clarita Arts and Events Division is seeking 2021 graduates to exhibit their 2021 graduation caps in a virtual gallery.
June 1: Deadline Set to Enter City’s Virtual Graduation Cap Photo Exhibition
On Friday, Los Angeles County Public Health officials confirmed 16 new deaths and 421 new cases of COVID-19 countywide, with 27,766 total cases in the Santa Clarita Valley.
Friday COVID-19 Roundup: Daily Hospitalizations Hit New Low in LA County; 27,766 Total SCV Cases
The L.A. County Financial Navigators program, operated by the Los Angeles County Department of Consumer and Business Affairs’ Center for Financial Empowerment in partnership with Cities for Financial Empowerment Fund, announced it is currently providing L.A. residents with free assistance to help them deal with the financial challenges brought on by the COVID-19 pandemic.
Financial Navigators Program Set to Help County Residents Facing COVID-19 Hardships
The city of Santa Clarita Human Relations Roundtable voiced strong support for the removal of the race-based “Indians” mascot at Hart High School in an open letter to the William S. Hart District School Board in alignment with the recently released statement of the Fernandeno Tataviam Band of Mission Indians.
SCV Human Relations Roundtable Releases Statement Supporting the Replacement of HHS Mascot
1861 - Andres Pico and partners granted state franchise to build toll road and cut 50-foot-deep cleft through (Newhall) Pass; they failed; Beale later succeeded [story]
Andres Pico
The Water Resources and Watershed Committee is scheduled to meet via teleconference on Wednesday, May 12, at 5:30 p.m.
May 12: Water Resources and Watershed Committee Teleconference Meeting
The California Interscholastic Federation has renewed a multi-year agreement with GoFan as the official digital ticketing partner to provide touchless, digital ticketing solutions to high schools and state-wide post season play across California.
CIF, GoFan Reach Multi-Year Agreement that Includes Post-Season Play
The County of Los Angeles announced Thursday that it has distributed 23 million units of free PPE through its joint effort with PPE Unite to protect 433,000 employees at small businesses across the County.
L.A. County Announces Distribution of 23 Million Units of PPE
The Department of Public Social Services (DPSS) has launched its annual CalFresh Awareness Month campaign to publicize the CalFresh Nutrition Program and acknowledge community partners throughout the month of May for helping to raise public awareness year-round.
Annual CalFresh Awareness Month Underway
The Santa Clarita City Council convened Tuesday evening to hear an overview of the city’s budget for the upcoming fiscal year.
Striplin Presents Balanced Budget Which Includes $300K Surplus
This summer Mission Opera is happy to present a live outdoor operetta in one-act on June 5, 6, 12, and 13, in Santa Clarita.
Mission Opera to Present Live Outdoor Operetta, “Le 66”
The William S. Hart Union High School District is looking for one new member to serve on the Measure SA Citizens’ Oversight Committee.
Hart District Seeking Oversight Committee Member
The College of the Canyons Theatre Department will present “The Addams Family Quarantined Concert Version,” a live virtual musical production based on the eponymous beloved television series on May 7-9.
May 7-9: COC Theatre Presents, “The Addams Family Quarantined Concert Version”
Santa Clarita Valley public junior high and high school students will remain in the blended learning model — two days a week of in-person instruction — for the remainder of the year, William S. Hart Union High School District officials announced Wednesday night.
Hart District Announces Blended Learning Format to Continue for Remainder of Year
The Los Angeles County Department of Public Health confirmed Thursday 19 new deaths and 414 new cases of COVID-19, with 27,744 total cases in the Santa Clarita Valley.
Thursday COVID-19 Roundup: Reopenings Expand in L.A. County as Transmission Remains Low; SCV Cases Total 27,744
1971 - Fort Tejon added to National Register of Historic Places [story]
Fort Tejon
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