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CA AB2061

Bill

Status

Vetoed

9/27/2024

Primary Sponsor

Lori Wilson

Click for details

Origin

State Assembly

2023-2024 Session

AI Summary

  • Exempts sales and use taxes on zero-emission public transportation ferries sold to public agencies from January 1, 2025 through January 1, 2030.

  • Defines "zero-emission public transportation ferry" as ferryboats operated by STA-eligible operators that produce no emissions of criteria pollutants, toxic air contaminants, and greenhouse gases.

  • Exemption does not apply to local sales and use taxes, transactions and use taxes, or revenues deposited into the Local Revenue Fund 2011.

  • Requires the Legislative Analyst's Office to report on the exemption's effectiveness by May 1, 2028, measuring zero-emission ferry purchases and compliance with State Air Resources Board Commercial Harbor Craft regulations.

  • Exemption automatically repeals on January 1, 2030.

Legislative Description

Sales and Use Tax: exemptions: zero-emission public transportation ferries.

Last Action

Vetoed by Governor.

9/27/2024

Committee Referrals

Appropriations6/26/2024
Revenue and Taxation5/29/2024
Rules5/22/2024
Appropriations4/30/2024
Revenue and Taxation2/12/2024

Full Bill Text

No bill text available