SACRAMENTO, CA - Gov. Schwarzenegger's proposal to exempt the purchase of clean technology manufacturing equipment from sales taxes is being met with enthusiasm at a Carmichael company.
SolarRoofs.com manufacturers solar devices for homes and businesses that are shipped across the country. Company owner Al Rich said a sales tax break for the purchase of new manufacturing equipment could help his company expand as well as attract new clean technology companies.
"The more that can be done to attract big manufacturers to come here and not have to deal with taxes, as big as they are, that would be a very big incentive," said Rich.
There are 10,209 clean technology companies in California. Besides solar, manufacturers of zero emission cars would also be exempt from sales taxes.
The governor stated that the loss of sales tax revenues would be made up by new companies moving to California.