Capital investment incentive program: qualified manufacturing facility: ad valorem property tax revenue allocation payments.
It became law on Jul 23, 2021.
- Stage
- Became law
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Jul 23, 2021
What it does
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…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
Once a bill is decided, the questions are about what is done with it in California.