CA SB736

Establishes the Creative Economy Incentive Act, administered by GO-Biz, to provide financial support to cities, counties, special districts, nonprofits, and other public entities for creative economy events including musical, cinematic, performance, sports, agricultural, and cultural events.

Requires applicants to submit detailed proposals including event descriptions, organizational experience, financial capacity, budgets, tax revenue analyses, and adopted resolutions from local jurisdictions committing to contribute local sales and use tax revenue or other local revenue as matching funds.

Directs the California Department of Tax and Fee Administration to transfer sales and use tax revenue generated in the designated market area into the Creative Economy Incentive Program Account until the amount equals the total financial support awarded for the event.

Requires GO-Biz to establish guidelines through public engagement, form an executive steering committee to review applications, conduct post-event economic impact studies, and submit annual reports to specified legislative committees beginning March 15, 2021.

Sunsets the program on January 1, 2031.