AB 895
Personal Income Tax Law: Corporation Tax Law: credits: fast food restaurants.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Revenue and Taxation
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
Assembly Bill 895 creates a tax credit for qualified fast food restaurant franchisees and independent operators in California. The credit, up to $12,000 per restaurant, is designed to offset increased unemployment insurance costs stemming from state-mandated minimum wage increases. This legislation aims to provide financial relief to these businesses, which have experienced rising operational expenses. The bill takes effect immediately and will expire on December 1, 2031.
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