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SB 12

  • California Senate Bill
  • 2009-2010, 6th Special Session
  • Introduced in Senate Feb 25, 2010
  • Senate
  • Assembly
  • Governor

Energy: California Alternative Energy and Advanced Transportation Financing Authority.

Abstract

The California Alternative Energy and Advanced Transportation Financing Authority Act established the California Alternative Energy and Advanced Transportation Financing Authority. The authority is authorized to do all things necessary and convenient to carry out the purposes of the act. The authority is also required to establish a renewable energy program to provide financial assistance, as defined, to certain entities for projects to generate new and renewable energy sources, develop clean and efficient distributed generation, and demonstrate the economic feasibility of new technologies. Existing law provides that the transfer of title of tangible personal property constituting a project under the act to the authority by a participating party or the lease or transfer of tangible personal property constituting a project under the act by the authority to a participating party pursuant to the act is not a "sale" or "purchase" for the purposes of the Sales and Use Tax Law. This bill would include as a project, machinery or equipment that is utilized for the design, technology transfer, manufacture, production, assembly, distribution, or service of an alternative source component. The bill would require the authority to consider specified criteria in approving a project for which the purchase, sale, or lease of tangible personal property qualifies for the sales and use tax exclusion.

Bill Sponsors (4)

Alex Padilla

  • Democratic
Author

Strickland

Author

Fran Pavley

  • Democratic
Coauthor

Curren D Price

  • Democratic
Coauthor

Votes


No votes to display

Actions


Oct 08, 2010

Senate

From committee without further action.

Apr 19, 2010

Senate

Re-referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

Feb 25, 2010

Senate

Introduced. Read first time. To Com. on RLS.

Bill Text

Bill Text Versions Format
SB12 HTML
02/25/10 - Introduced PDF

Related Documents

Document Format
No related documents.

Sources

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