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Bill By Santa Barbara Legislator To Review Corporate Tax Breaks Passed By State Senate

The State Senate passed a bill authored by a Santa Barbara legislator intended to make sure than big businesses aren’t taking unfair advantage of tax incentive programs. SB 468 would establish a review process for a number of state tax credit and exemption programs.

Democratic State Senator Hannah-Beth Jackson of Santa Barbara introduced the legislation. Jackson says a number of incentive programs have been in use for decades without documented proof they are reaching their goals.

The bill would establish a review board to assess eight of the state’s most costly programs. With the bill passing the State Senate, it now goes to the State Assembly for consideration.

Lance Orozco has been News Director of KCLU since 2001, providing award-winning coverage of some of the biggest news events in the region, including the Thomas and Woolsey brush fires, the deadly Montecito debris flow, the Borderline Bar and Grill attack, and Ronald Reagan's funeral. 
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