Senator Portantino’s Small Businesses Friendly Legislation Passes Key Committee in the Legislature
May 3, 2019
SB 349 passed the Senate Governance & Finance Committee. SB 349 authored by State Senator Anthony J. Portantino (D–La Cañada Flintridge) and co-authored by Assemblymember James Ramos (D- Highland) modifies the minimum franchise tax on small businesses and creates a tax structure to encourage entrepreneurship in California.