--- type: "Bill" title: "Economic development: capital investment incentive programs." description: "Prior law, until January 1, 2024, authorized a county, city and county, or city to establish a capital investment incentive program, pursuant to which the county, city and county, or city was authorized to pay, upon request, a capital investment incentive amount that does not exceed the amount of property tax derived from that portion of the assessed value of a qualified manufacturing facility, as defined, that exceeds $150,000,000 to a proponent of a qualified manufacturing facility for up to 15 years. Prior law required the proponent to enter into a community services agreement with the county, city and county, or city, including, among other things, a job creation plan." jurisdiction: "us/states/ca" legislature: "California Legislature" session: "20232024" identifier: "AB 2922" citation: "California AB 2922 (20232024)" classification: ["bill"] subjects: ["Economic development", "capital investment incentive programs"] status: "enacted" primary_sponsors: ["Garcia"] version_count: 7 action_count: 27 vote_count: 7 first_action: "2024-02-15" last_action: "2024-09-25" source: "openstates" source_identifier: "ocd-bill/1f3dfc74-0c89-420e-a0b3-11a113a8fc9a" source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB2922" source_hash: "19868aa6d47ef88c61b50fe42cf41fa6ffe2d398b31a070fb1b0cd0d1b17d0a8" vintage: "2026-07-01" source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump" retrieved_at: "2026-07-06" confidence: "reported" tags: ["legislation", "bill", "us-ca"] --- # California AB 2922 (20232024) — Economic development: capital investment incentive programs. Prior law, until January 1, 2024, authorized a county, city and county, or city to establish a capital investment incentive program, pursuant to which the county, city and county, or city was authorized to pay, upon request, a capital investment incentive amount that does not exceed the amount of property tax derived from that portion of the assessed value of a qualified manufacturing facility, as defined, that exceeds $150,000,000 to a proponent of a qualified manufacturing facility for up to 15 years. Prior law required the proponent to enter into a community services agreement with the county, city and county, or city, including, among other things, a job creation plan. ## Version chain The bill's text revisions, in order — the diff chain from filing to enrollment. 1. **02/15/24 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2922&version=20230AB292299INT) 2. **04/15/24 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2922&version=20230AB292298AMD) 3. **07/03/24 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2922&version=20230AB292297AMD) 4. **08/23/24 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2922&version=20230AB292296AMD) 5. **09/25/24 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2922&version=20230AB292294CHP) 6. **AB2922** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB2922) 7. **09/05/24 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240AB2922&version=20230AB292295ENR) ## Votes - AB 2922 Garcia Concurrence in Senate Amendments — **76–0** (pass) · lower - 3rd Reading AB2922 Garcia By Padilla Urgency Clause — **39–0** (pass) · upper - AB 2922 Garcia Consent Calendar Second Day — **65–0** (pass) · lower - Do pass. To Consent Calendar. — **14–0** (pass) · lower - Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — **7–0** (pass) · upper - With recommendation: That Senate amendments be concurred in. — **8–0** (pass) · lower - Do pass as amended and be re-referred to the Committee on [Appropriations] — **9–0** (pass) · lower ## Sponsors - Garcia — primary (person) ## Timeline The legislative action history — every referral, reading, and vote. - **2024-02-15** Read first time. To print. `reading-1` - **2024-02-16** From printer. May be heard in committee March 17. - **2024-03-11** Referred to Com. on L. GOV. `referral-committee` - **2024-04-11** From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 10). `amendment-introduction, amendment-passage, committee-passage, referral-committee` - **2024-04-15** Read second time and amended. `amendment-passage, reading-1, reading-2` - **2024-04-16** Re-referred to Com. on APPR. `referral-committee` - **2024-05-01** From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (May 1). `committee-passage, committee-passage-favorable` - **2024-05-02** Read second time. Ordered to Consent Calendar. `reading-1, reading-2` - **2024-05-09** Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 65. Noes 0. Page 5161.). `passage, reading-1, reading-3` - **2024-05-09** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1` - **2024-05-22** Referred to Com. on L. GOV. `referral-committee` - **2024-06-05** In committee: Set, first hearing. Hearing canceled at the request of author. - **2024-07-03** From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (July 3). `amendment-introduction, amendment-passage, committee-passage, referral-committee` - **2024-07-03** Read second time and amended. Re-referred to Com. on APPR. `amendment-passage, reading-1, reading-2, referral-committee` - **2024-08-06** From committee: Be ordered to second reading pursuant to Senate Rule 28.8. `committee-passage, reading-2` - **2024-08-07** Read second time. Ordered to third reading. `reading-1, reading-2` - **2024-08-23** Read third time and amended. Ordered to second reading. `amendment-passage, reading-1, reading-3` - **2024-08-26** Read second time. Ordered to third reading. `reading-1, reading-2` - **2024-08-28** Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 39. Noes 0.). `passage, reading-1, reading-3` - **2024-08-28** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 30 pursuant to Assembly Rule 77. - **2024-08-29** Re-referred to Com. on L. GOV. pursuant to Assembly Rule 77.2. `referral-committee` - **2024-08-30** Joint Rule 62(a) suspended. - **2024-08-30** From committee: That the Senate amendments be concurred in. (Ayes 8. Noes 0.) (August 30). `committee-passage` - **2024-08-31** Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0.). `amendment-passage, committee-passage-favorable` - **2024-09-13** Enrolled and presented to the Governor at 4 p.m. - **2024-09-25** Approved by the Governor. `executive-signature` - **2024-09-25** Chaptered by Secretary of State - Chapter 581, Statutes of 2024. `became-law` ## Source OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1f3dfc74-0c89-420e-a0b3-11a113a8fc9a`. Confidence: reported (aggregated from official California legislature records).