Assembly Bill No. 1900 CHAPTER 382 An act to amend Section 51298.5 of the Government Code, relating to economic development. [ Approved by Governor September 14, 2018. Filed with Secretary of State September 14, 2018. ] LEGISLATIVE COUNSEL'S DIGESTAB 1900, Brough. Capital investment incentive programs: repeal date.Existing law, until January 1, 2019, authorizes a county, city and county, or city to establish a capital investment incentive program, pursuant to which the county, city and county, or city is authorized to pay, upon request, a capital investment incentive amount that does not exceed the amount of property tax derived from that portion of the assessed value of a qualified manufacturing facility, as defined, that exceeds $150,000,000 to a proponent of a qualified manufacturing facility for up to 15 years.This bill would extend the authorization for capital investment incentive programs, as described above, until January 1, 2024.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 51298.5 of the Government Code is amended to read:51298.5. (a) This chapter shall remain in effect only until January 1, 2024.(b) A capital investment incentive program established pursuant to this chapter before January 1, 2024, may remain in effect for the full term of that program, regardless of the repeal of this chapter.
Assembly Bill No. 1900 CHAPTER 382 An act to amend Section 51298.5 of the Government Code, relating to economic development. [ Approved by Governor September 14, 2018. Filed with Secretary of State September 14, 2018. ] LEGISLATIVE COUNSEL'S DIGESTAB 1900, Brough. Capital investment incentive programs: repeal date.Existing law, until January 1, 2019, authorizes a county, city and county, or city to establish a capital investment incentive program, pursuant to which the county, city and county, or city is authorized to pay, upon request, a capital investment incentive amount that does not exceed the amount of property tax derived from that portion of the assessed value of a qualified manufacturing facility, as defined, that exceeds $150,000,000 to a proponent of a qualified manufacturing facility for up to 15 years.This bill would extend the authorization for capital investment incentive programs, as described above, until January 1, 2024.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
Assembly Bill No. 1900
CHAPTER 382
An act to amend Section 51298.5 of the Government Code, relating to economic development.
[ Approved by Governor September 14, 2018. Filed with Secretary of State September 14, 2018. ]
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 1900, Brough. Capital investment incentive programs: repeal date.
Existing law, until January 1, 2019, authorizes a county, city and county, or city to establish a capital investment incentive program, pursuant to which the county, city and county, or city is authorized to pay, upon request, a capital investment incentive amount that does not exceed the amount of property tax derived from that portion of the assessed value of a qualified manufacturing facility, as defined, that exceeds $150,000,000 to a proponent of a qualified manufacturing facility for up to 15 years.This bill would extend the authorization for capital investment incentive programs, as described above, until January 1, 2024.
Existing law, until January 1, 2019, authorizes a county, city and county, or city to establish a capital investment incentive program, pursuant to which the county, city and county, or city is authorized to pay, upon request, a capital investment incentive amount that does not exceed the amount of property tax derived from that portion of the assessed value of a qualified manufacturing facility, as defined, that exceeds $150,000,000 to a proponent of a qualified manufacturing facility for up to 15 years.
This bill would extend the authorization for capital investment incentive programs, as described above, until January 1, 2024.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 51298.5 of the Government Code is amended to read:51298.5. (a) This chapter shall remain in effect only until January 1, 2024.(b) A capital investment incentive program established pursuant to this chapter before January 1, 2024, may remain in effect for the full term of that program, regardless of the repeal of this chapter.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 51298.5 of the Government Code is amended to read:51298.5. (a) This chapter shall remain in effect only until January 1, 2024.(b) A capital investment incentive program established pursuant to this chapter before January 1, 2024, may remain in effect for the full term of that program, regardless of the repeal of this chapter.
SECTION 1. Section 51298.5 of the Government Code is amended to read:
### SECTION 1.
51298.5. (a) This chapter shall remain in effect only until January 1, 2024.(b) A capital investment incentive program established pursuant to this chapter before January 1, 2024, may remain in effect for the full term of that program, regardless of the repeal of this chapter.
51298.5. (a) This chapter shall remain in effect only until January 1, 2024.(b) A capital investment incentive program established pursuant to this chapter before January 1, 2024, may remain in effect for the full term of that program, regardless of the repeal of this chapter.
51298.5. (a) This chapter shall remain in effect only until January 1, 2024.(b) A capital investment incentive program established pursuant to this chapter before January 1, 2024, may remain in effect for the full term of that program, regardless of the repeal of this chapter.
51298.5. (a) This chapter shall remain in effect only until January 1, 2024.
(b) A capital investment incentive program established pursuant to this chapter before January 1, 2024, may remain in effect for the full term of that program, regardless of the repeal of this chapter.