CA AB2334

Expands the sales and use tax exclusion to include contractors performing construction contracts for participating parties who will use the property as an integral part of an approved alternative energy or advanced manufacturing project

Allows unused sales and use tax exclusion amounts from previous calendar years to carry forward and be granted in subsequent years beginning in 2017

Maintains the annual cap of $100,000,000 in sales and use tax exclusions per calendar year for projects approved by the California Alternative Energy and Advanced Transportation Financing Authority

Requires the authority to study the efficacy and cost-benefit of the sales and use tax exemption for advanced manufacturing projects, including job creation, costs per job, and economic output analysis, with results submitted to the Legislature by January 1, 2017

The section remains in effect only until January 1, 2021, when it is repealed unless a later-enacted statute extends that date