Harder’s bill would revive a tax called the alternative minimum tax for utilities that offer executive bonuses but have failed to invest in climate-resilient infrastructure. The bill is written to specifically target PG&E, which has not paid federal income taxes in the past decade due to tax loopholes on depreciation, according to the Institute on Taxation and Economic Policy.
October 28, 2019
The Sacramento Bee: California Democrat Wants to Make PG&E Pay a Penalty if it Gives Executive Bonuses
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