News Column

Camarillo Area Businesses - Don't Miss Out on Millions in Tax Relief

May 27, 2014



SACRAMENTO, Calif., May 27 -- The California State Board of Equalization issued the following news release:

On Wednesday, June 4, 2014, California State Board of Equalization (BOE) Member George Runner and BOE Chairman Jerome E. Horton will host a free Camarillo Small Business Seminar to provide small-to-medium-sized businesses with information about millions of dollars in tax credits, refunds, business loan assistance, and marketing. Attendees will learn about traditional and nontraditional capital and how to minimize the burden of tax compliance, plus have the opportunity to meet their elected representatives who make decisions that affect small businesses.

The seminar will take place in the Grand Salon at California State University, Channel Islands, One University Drive, Camarillo CA 93012. The event will be held from 8:30 a.m. to 2:30 p.m. Check-in begins at 8:00 a.m. You may register for the seminar online at www.boe.ca.gov/seminars or by calling 1-888-847-9652. Parking is $6.

Camarillo Mayor Kevin Kildee, Oxnard Harbor District Commissioner Jason Hodge, the Camarillo Chamber of Commerce, Senator Hannah-Beth Jackson, Assemblymember Jeff Gorell, California State University, Channel Islands, and the Governor's Office of Business and Economic Development are co-sponsoring the seminar, and encourage local entrepreneurs to attend, learn, and capitalize on this unique opportunity to obtain information that can help expand and maintain their businesses.

"Small businesses are the backbone of our economy, but everyday owners face challenges with California's complicated tax laws," said Board Member Runner. "As their elected taxpayer advocate, I want to make sure small business owners can be successful and avoid California's tax traps."

"Our goal is to inform California businesses about the resources and tax credits that are available to help small businesses succeed," said Chairman Horton. "It is equally important for them to build relationships with the decision makers and one another to better position themselves for success."

The Board is in the process of developing regulations that will implement a partial sales and use tax exemption that becomes effective on July 1, 2014, for qualified purchases made by some manufacturers or those engaged in research and development. You can visit www.boe.ca.gov/meetings/btc2014.htm for more information about this proposed regulation, as well as visit www.boe.ca.gov/regs/regscont.htm for information on others that affect California businesses. For more information on the Manufacturing Exemption, visit www.boe.ca.gov/sutax/manufacturing_exemptions.htm.

If you want to learn more about the impact of legislation, policy, and procedures at the BOE visit www.boe.ca.gov, or plan to attend one of the upcoming Small Businesses Conferences held throughout Los Angeles County and speak directly to a BOE representative.

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