Sacramento, CA – California Manufacturers & Technology Association (CMTA) President and CEO, Lance Hastings today issued the following statement in response to AB 1951 receiving the votes needed to leave the Senate’s Committee on Governance and Finance:

“Groundbreaking inventions and world-leading production advancements take partnership. Today’s vote sends a firm signal to manufacturers worldwide that California stands ready to invest in its creators, now and in the future. As it is, California collects little from this sales tax, as most manufacturing equipment is purchased in states without equipment taxes. This bill solves that problem.

By giving manufacturers in the Golden State that competitive edge against other low-cost states, we bolster the economic future and opportunity of communities across all of California’s diverse regions. Manufacturing provides a gateway to the middle class, and each manufacturing job supports at least 2.5 others in the economy. With today’s vote, we are one step closer to seeing more California-made products on store shelves across the country, more Californians in high-quality jobs, and more homegrown innovation in the state that has always done it best.”