Richard Roth
- Democratic
- Senator
- District 31
Author
(1) Existing law, until July 1, 2015, 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 a capital investment incentive amount, as defined, that does not exceed the amount of property tax derived from that portion of the assessed value of a qualified manufacturing facility that exceeds $25,000,000, to a proponent of a qualified manufacturing facility. Existing law defines a "proponent" as a party and requires a party to meet certain requirements, including that the party will be the fee owner of the qualified manufacturing facility upon the completion of that facility, as provided. This bill would, until July 1, 2015, additionally authorize the party to be the lessee or the occupant under a government-owned contractor-operator enhanced use lease agreement of the qualified manufacturing facility upon the completion of that facility. (2) Existing law, the Corporation Tax Law, for taxable years beginning on or after January 1, 2015, and before January 1, 2030, allows, with regard to the manufacture of a new advanced strategic aircraft for the United States Air Force, a credit against the taxes imposed under that law in an amount equal to 1712% of qualified wages, as defined, paid or incurred with respect to qualified full-time employees, as multiplied by an annual full-time equivalent ratio, by the qualified taxpayer, defined as a taxpayer that is a major first-tier subcontractor with regard to the manufacture of that aircraft. This bill would define a qualified taxpayer to also include a prime contractor awarded a prime contract to manufacture a new advanced strategic aircraft for the United States Air Force. The bill would limit this credit by providing that the aggregate number of total annual full-time equivalents, as defined, of all qualified taxpayers may not exceed 1,100. This bill would declare that it is to take effect immediately as an urgency statute.
Chaptered by Secretary of State. Chapter 189, Statutes of 2014.
Approved by the Governor.
Enrolled and presented to the Governor at 6 p.m.
Assembly amendments concurred in. (Ayes 32. Noes 4. Page 4475.) Ordered to engrossing and enrolling.
Urgency clause adopted.
From committee: That the Assembly amendments be concurred in. (Ayes 7. Noes 0. Page 4444.)
Set for hearing August 12.
Set, first hearing. Referred to REV. & TAX. suspense file.
From committee: Do pass. (Ayes 7. Noes 0.) (August 11).
From committee: Be re-referred to Com. on GOV. & F. pursuant to Senate Rule 29.10. (Ayes 5. Noes 0. Page 4397.) Re-referred to Com. on GOV. & F.
Re-referred to Com. on RLS. pursuant to Senate Rule 29.10.
In Senate. Concurrence in Assembly amendments pending.
Read third time. Urgency clause adopted. Passed. (Ayes 75. Noes 0. Page 5943.) Ordered to the Senate.
Assembly Rule 63 suspended. (Page 5934.)
Ordered to third reading.
Ordered to third reading.
Joint Rule 62(a) file notice suspended. (Page 5915.)
Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 77.2.
Read third time and amended. (Page 5914.)
Ordered to third reading.
From inactive file.
Notice of intention to remove from inactive file given by Assembly Member V. Manuel Pérez.
Ordered to inactive file on request of Assembly Member V. Manuel Pérez.
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 12. Noes 5.) (August 30).
Set, first hearing. Referred to APPR. suspense file.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 13. Noes 6.) (June 18).
Read third time. Passed. (Ayes 21. Noes 13. Page 974.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 5. Noes 0. Page 936.) (May 13).
Set for hearing May 13.
Set, first hearing. Hearing canceled at the request of author.
Set for hearing May 6.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 3. Noes 1. Page 664.) (April 24). Re-referred to Com. on APPR.
Set for hearing April 24.
From committee: Do pass and re-refer to Com. on L. & I.R. (Ayes 5. Noes 2. Page 618.) (April 17). Re-referred to Com. on L. & I.R.
Set for hearing April 17.
Hearing postponed by committee.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on HEALTH.
Set for hearing April 10.
Read first time.
From printer. May be acted upon on or after March 26.
Introduced. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB718 | HTML |
| 02/22/13 - Introduced | |
| 04/04/13 - Amended Senate | |
| 05/15/13 - Amended Senate | |
| 06/20/13 - Amended Assembly | |
| 09/03/13 - Amended Assembly | |
| 08/07/14 - Amended Assembly | |
| 08/13/14 - Enrolled | |
| 08/15/14 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.
If you notice any inconsistencies with these official sources, feel free to file an issue.