Bill

Bill > AB755


CA AB755

CA AB755
Local agencies: capital investment incentive program.


summary

Introduced
02/15/2017
In Committee
09/16/2017
Crossed Over
05/31/2017
Passed
09/16/2017
Dead
Signed/Enacted/Adopted
10/12/2017

Introduced Session

2017-2018 Regular Session

Bill Summary

An act to amend Section 51298.5 of the Government Code, relating to economic development.

AI Summary

This bill extends the authorization for a county, city and county, or city to establish a capital investment incentive program until January 1, 2019. The program allows these local agencies to pay a capital investment incentive amount to the proponent of a qualified manufacturing facility for up to 15 consecutive years. The existing law was set to expire on January 1, 2018, and this bill extends the authorization for an additional year.

Committee Categories

Agriculture and Natural Resources, Budget and Finance, Business and Industry, Government Affairs

Sponsors (2)

Last Action

Chaptered by Secretary of State - Chapter 709, Statutes of 2017. (on 10/12/2017)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...