There's this draft law being discussed in California by a state Democratic Party member which spells out this fee-tax deal on companies. If your company benefited by the recent tax revision deal a tune of more than one-million-dollars, then you would need to hand HALF of the 'profit' over to the state for social programs.
Possibility of passing? Unknown. The state legislature does have a majority of Democrats and they might see this as a way gain more taxation power. Legal? I'm guessing that it would be challenged in court, and the Supreme Court would have the final say.
If you were a company getting a million-dollars or more back....this would would trigger some reaction....a long discussion. If you were to get back $25-million....would you feel happy handing half of that money over to the state? Would you be bothered if you were to be set to receive $150-million, and half of that money would flow into the state?
Let's say the state would eventually get a billion dollars in one single year from these companies...would they actually spend it in a reasonable fashion? Any guarantees? None.
So, I'm of the mind that my hometown (Huntsville) and it's mayor....ought to pack up some bags and spend six weeks touring the state and discussing a move from California to Huntsville. A thousand jobs? Ten-thousand jobs? A hundred-thousand jobs? To be honest, if you counted this entire region from the Shoals over to Huntsville, they could easily accommodate a hundred new companies, and a hundred-thousand folks moving in.
The advantage of Huntsville?
1. You've got an airport that already handles already 600k to 700k passengers a year, and could easily expand to double or even triple it's present size. Adding more space? Those folks would just grin....they've got tons of empty space around three ends of the airport.
2. Property prices. Go compare against what you pay for property in California and for property taxes, and then come to Huntsville. It'll be around one-quarter of the price, and probably a quarter of the property tax. Worrying about city regulations on where to build or fanatical folks hyped up on environmental rules? Huntsville and the region wouldn't have that problem.
3. Friendliness factor. Got a car problem and stranded by the road? Within ten minutes, some Alabama local guy will stop and analyze your problem....offer sympathy.....maybe offer a prayer over the car....and help you in whatever way they can. You won't find that behavior in California.
4. Your pay scale for company employees in California? You can move them out to Alabama and cut the salary level by fifty percent, and they'd be making more take-home money. To live in most areas of California, you need a minimum of $500k for a house. In the outer-belt of Huntsville...$200k would buy you a fairly decent place. Go 25 miles out and $200k would buy you a pretty decent house and 40 acres of property.
5. Weather? Well, yeah...it's fairly hot and humid in July and August. No one is going to argue about that.
6. NCAA football? Yes, we do have two of the top ten teams in the US residing in Alabama.
7. Huntsville city sales tax? 4.5-percent.
8. Liquor? Across northern Alabama, we've kinda cleaned up the dry-situation and would most happy to offer you a beer, wine, or cocktail if you were visiting.
9. Single eligible folks? I realize that a fair number of California folks are single and frustrated with local 'offerings'. Huntsville and the region would have a fair number of datable folks. Course, I would admit that some could be a bit particular about food (they aren't vegan or particular to sushi). Some of them might prefer skeet-shooting or bowling....over walks on the beach. Some might even be fearful of California engineer gals.
10. Finally, some words about stupid taxation behavior. Huntsville folks tend to have some shame when someone suggests some mega-project costing billions because it's just never going to amount to anything.