Bill > AB2465

This bill, titled "State government: benefits," aims to prevent businesses that contract with the federal government for immigration enforcement purposes from receiving state-provided benefits, subsidies, grants, loans, or tax credits. It defines key terms like "agency engaging in immigration enforcement," "immigration enforcement," "invests in," "manages," "owns," and "private detention facility" to clarify which entities are affected. The bill also establishes the California Immigrant Resilience Fund, to which the Controller will transfer an amount equal to the tax revenue lost from businesses no longer eligible for tax credits due to this bill, with these funds to be used for immigration-related services and programs upon legislative appropriation. The bill declares itself an urgency statute, taking effect immediately, citing concerns about federal immigration enforcement practices, conditions in private detention facilities, and the need to align state policies with its commitment to protecting vulnerable communities.