Capital investment incentive program: qualified manufacturing facility: ad valorem property tax revenue allocation payments.
Existing law, until January 1, 2024, authorizes a county, city and county, or city to establish a capital investment incentive program. Existing law requires a county, city and county, or city that has so elected, to pay a capital investment incentive amount to the proponent of a qualified manufacturing facility for up to 15 years, upon request by a proponent in writing, as prescribed. Existing law defines "qualified manufacturing facility" for these purposes to mean a proposed manufacturing facility that meets specified requirements including that the facility is operated by certain businesses, including, among others, a business engaged in the recovery of minerals from geothermal resources or a business engaged in the manufacturing of parts or components related to the production of electricity using solar, wind, biomass, hydropower, or geothermal resources, as specified.
us/states/ca
California Legislature
20212022
AB 726
California AB 726 (20212022)
bill
Capital investment incentive program: qualified manufacturing facility: ad valorem property tax revenue allocation payments.
California AB 726 (20212022) — Capital investment incentive program: qualified manufacturing facility: ad valorem property tax revenue allocation payments.
Existing law, until January 1, 2024, authorizes a county, city and county, or city to establish a capital investment incentive program. Existing law requires a county, city and county, or city that has so elected, to pay a capital investment incentive amount to the proponent of a qualified manufacturing facility for up to 15 years, upon request by a proponent in writing, as prescribed. Existing law defines "qualified manufacturing facility" for these purposes to mean a proposed manufacturing facility that meets specified requirements including that the facility is operated by certain businesses, including, among others, a business engaged in the recovery of minerals from geothermal resources or a business engaged in the manufacturing of parts or components related to the production of electricity using solar, wind, biomass, hydropower, or geothermal resources, as specified.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.