Bill Text: CA AB1900 | 2017-2018 | Regular Session | Enrolled
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Capital investment incentive programs: repeal date.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2018-09-14 - Chaptered by Secretary of State - Chapter 382, Statutes of 2018. [AB1900 Detail]
Download: California-2017-AB1900-Enrolled.html
Bill Title: Capital investment incentive programs: repeal date.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2018-09-14 - Chaptered by Secretary of State - Chapter 382, Statutes of 2018. [AB1900 Detail]
Download: California-2017-AB1900-Enrolled.html
Enrolled
August 15, 2018 |
Passed
IN
Senate
August 13, 2018 |
Passed
IN
Assembly
May 21, 2018 |
Amended
IN
Assembly
May 14, 2018 |
Amended
IN
Assembly
April 30, 2018 |
CALIFORNIA LEGISLATURE—
2017–2018 REGULAR SESSION
Assembly Bill | No. 1900 |
Introduced by Assembly Member Brough |
January 22, 2018 |
An act to amend Section 51298.5 of the Government Code, relating to economic development.
LEGISLATIVE COUNSEL'S DIGEST
AB 1900, Brough.
Capital investment incentive programs: repeal date.
Existing law, until January 1, 2019, authorizes a county, city and county, or city to establish a capital investment incentive program, pursuant to which the county, city and county, or city is 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.
This bill would extend the authorization for capital investment incentive programs, as described above, until January 1, 2024.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 51298.5 of the Government Code is amended to read:51298.5.
(a) This chapter shall remain in effect only until January 1, 2024.(b) A capital investment incentive program established pursuant to this chapter before January 1, 2024, may remain in effect for the full term of that program, regardless of the repeal of this chapter.