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Monrovia Assembly Member's Bills Pass Assembly

Assemblymember Chris Holden, who represents Monrovia, had two bills approved by the Assembly. They will now go to the State Senate. They are:

- AB 143, which will to give active duty military personnel a tax break when they are transferred into California. The Military Use Tax Exemption would eliminate use taxes - a type of sales tax - on personal property purchased by an active duty military member who has been transferred into the state.

- AB 250 establishes an iHub ("innovation hub") program to help start-up companies and creates the iHub Accelerator Fund as part of the state treasury to accept private funding to operate the program. It was approved on a vote of 63 to 2. Holden said establishing the fund "will allow the state to compete for grant funding from the federal government, private sector and foundations."

- Brad Haugaard

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