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CA AB1900

Bill

Official Source

Status

Passed

9/14/2018

Primary Sponsor

William Brough

Click for details

Origin

State Assembly

2017-2018 Session

AI Summary

  • Extends the authorization for counties, cities and counties, and cities to establish capital investment incentive programs until January 1, 2024 (previously set to expire January 1, 2019)
  • Allows these jurisdictions to provide incentive payments up to the property tax derived from assessed value of qualified manufacturing facilities exceeding $150,000,000 for up to 15 years
  • Permits capital investment incentive programs established before January 1, 2024 to remain in effect for their full term even after the chapter's repeal
  • Approved by Governor on September 14, 2018

Legislative Description

Capital investment incentive programs: repeal date.

Last Action

Chaptered by Secretary of State - Chapter 382, Statutes of 2018.

9/14/2018

Committee Referrals

Governance and Finance5/30/2018
Rules5/22/2018
Local Government5/3/2018
Revenue and Taxation2/5/2018

Full Bill Text

No bill text available