CA AB2400

Extends the California Alternative Energy and Advanced Transportation Financing Authority's authorization to provide sales and use tax exclusions for qualifying projects from January 1, 2026 to January 1, 2031.

Maintains the $100,000,000 annual cap on sales and use tax exclusions, except for calendar years 2022-2024 which are capped at $115,000,000 with $15,000,000 reserved for lithium manufacturing projects.

Allows out-of-state and overseas entities to apply for financial assistance if they commit to opening a manufacturing facility in California.

Requires the California Alternative Energy and Advanced Transportation Financing Authority to submit a report to the Legislature by January 31, 2026 evaluating the extension's effects on jobs, economic output, and environmental impacts.

Takes effect immediately as a tax levy.