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Newsom's New Tax Break: Boosting Startups in California
Published 1 day, 2 hours ago
Description
California Governor Gavin Newsom proposes a tax break to encourage startup growth, reducing the first-year filing fee for new businesses from $800 to $400 for tax years 2027-2029. This move aims to counter criticism of Californias high costs for small operators and boost job growth, potentially adding around 250,000 new businesses annually if approved.
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