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.
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.
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; origin ocd-bill/1f3dfc74-0c89-420e-a0b3-11a113a8fc9a. Confidence: reported (aggregated from official California legislature records).