AB 726

  • California Assembly Bill
  • 2021-2022 Regular Session
  • Introduced in Assembly
  • Passed Assembly Apr 08, 2021
  • Passed Senate Jul 05, 2021
  • Became Law Jul 23, 2021

Capital investment incentive program: qualified manufacturing facility: ad valorem property tax revenue allocation payments.

Abstract

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. This bill would add a business engaged in manufacturing of fuels, electrical parts, or components used in the field of clean transportation or the production of alternative fuel vehicles or electric vehicles to the list of business that may operate a qualified manufacturing facility. Existing law authorizes a city or special district, with specific authorization, to pay an amount equal to the amount of ad valorem property tax revenues allocated to the city or special district, but not the actual allocation, as described, toward the incentive program. This bill would specify that "special district" for these purposes does not include a school district or a community college district.

Bill Sponsors (1)

Votes


Actions


Jul 23, 2021

California State Legislature

Chaptered by Secretary of State - Chapter 121, Statutes of 2021.

California State Legislature

Approved by the Governor.

Jul 15, 2021

California State Legislature

Enrolled and presented to the Governor at 3:30 p.m.

Jul 12, 2021

Assembly

Senate amendments concurred in. To Engrossing and Enrolling.

Jul 05, 2021

Senate

Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0.).

Assembly

In Assembly. Concurrence in Senate amendments pending. May be considered on or after July 7 pursuant to Assembly Rule 77.

Jun 30, 2021

Senate

Ordered to special consent calendar.

Jun 21, 2021

Senate

Read second time and amended. Ordered to third reading.

Jun 17, 2021

Senate

From committee: Amend, and do pass as amended. (Ayes 5. Noes 0.) (June 17).

May 12, 2021

Senate

Referred to Com. on GOV. & F.

  • Referral-Committee
Com. on GOV. & F.

Apr 08, 2021

Senate

In Senate. Read first time. To Com. on RLS. for assignment.

Assembly

Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 930.)

Apr 05, 2021

Assembly

Read second time. Ordered to third reading.

Mar 25, 2021

Assembly

From committee: Do pass. (Ayes 8. Noes 0.) (March 24).

Feb 25, 2021

Assembly

Referred to Com. on L. GOV.

  • Referral-Committee
Com. on L. GOV.

Feb 17, 2021

Assembly

From printer. May be heard in committee March 19.

Feb 16, 2021

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB726 HTML
02/16/21 - Introduced PDF
06/21/21 - Amended Senate PDF
07/13/21 - Enrolled PDF
07/23/21 - Chaptered PDF

Related Documents

Document Format
03/23/21- Assembly Local Government PDF
03/30/21- ASSEMBLY FLOOR ANALYSIS PDF
06/14/21- Senate Governance and Finance PDF
06/23/21- Sen. Floor Analyses PDF
07/07/21- ASSEMBLY FLOOR ANALYSIS PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.