CA SJR32

Declares California Legislature's support for federal tax policies designed to encourage corporate growth, keep companies in the United States, and reduce competitive disadvantages for U.S.-based companies, particularly in biomedical and life sciences industries

Notes California's life sciences industry contributes $258 billion in economic activity, generates over 1 million jobs with $76 billion in salaries and wages, and employs over 267,000 people in 2,490 companies

Identifies U.S. corporate income tax rate of up to 39 percent as the highest in the world compared to 25 percent average among other major industrialized countries, creating competitive disadvantages

Urges the President and Congress to implement tax strategies including reducing the federal corporate tax rate, making the research and development tax credit permanent, and allowing repatriation of foreign-earned income

Directs the Secretary of the Senate to transmit the resolution to the President, Vice President, House Speaker, Senate Majority Leader, and all California members of Congress