Existing law, until January 1, 2024, authorizes a county, city and county, or city to establish a capital investment incentive program. Existing law requires a county, city and county, or city that has so elected, to pay a capital investment incentive amount to the proponent of a qualified manufacturing facility for up to 15 years, upon request by a proponent in writing, as prescribed. Existing law defines "qualified manufacturing facility" for these purposes to mean a proposed manufacturing facility that meets specified requirements including that the facility is operated by certain businesses, including, among others, a business engaged in the recovery of minerals from geothermal resources or a business engaged in the manufacturing of parts or components related to the production of electricity using solar, wind, biomass, hydropower, or geothermal resources, as specified.
This bill would add a business engaged in manufacturing of fuels, electrical parts, or components used in the field of clean transportation or the production of alternative fuel vehicles or electric vehicles to the list of business that may operate a qualified manufacturing facility.
Existing law authorizes a city or special district, with specific authorization, to pay an amount equal to the amount of ad valorem property tax revenues allocated to the city or special district, but not the actual allocation, as described, toward the incentive program.
This bill would specify that "special district" for these purposes does not include a school district or a community college district.

Statutes affected:
AB726: 51298 GOV
02/16/21 - Introduced: 51298 GOV
06/21/21 - Amended Senate: 51298 GOV
07/13/21 - Enrolled: 51298 GOV
07/23/21 - Chaptered: 51298 GOV
AB 726: 51298 GOV