Eduardo Garcia
- Democratic
- Assemblymember
- District 36
Author
Prior law, until January 1, 2024, authorized a county, city and county, or city to establish a capital investment incentive program, pursuant to which the county, city and county, or city was 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. Prior law required the proponent to enter into a community services agreement with the county, city and county, or city, including, among other things, a job creation plan. This bill would reestablish the authorization for capital investment incentive programs until January 1, 2035. The bill would additionally authorize the above-described capital investment incentive program for proponents of a qualified manufacturing facility with an assessed value that exceeds $25,000,000 and would include additional requirements for the above-described job creation plan for these proponents. The bill would make conforming changes. This bill would declare that it is to take effect immediately as an urgency statute.
Chaptered by Secretary of State - Chapter 581, Statutes of 2024.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0.).
Joint Rule 62(a) suspended.
From committee: That the Senate amendments be concurred in. (Ayes 8. Noes 0.) (August 30).
Re-referred to Com. on L. GOV. pursuant to Assembly Rule 77.2.
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 30 pursuant to Assembly Rule 77.
Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 39. Noes 0.).
Read second time. Ordered to third reading.
Read third time and amended. Ordered to second reading.
Read second time. Ordered to third reading.
From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (July 3).
In committee: Set, first hearing. Hearing canceled at the request of author.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 65. Noes 0. Page 5161.).
Read second time. Ordered to Consent Calendar.
From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (May 1).
Read second time and amended.
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 10).
From printer. May be heard in committee March 17.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2922 | HTML |
| 02/15/24 - Introduced | |
| 04/15/24 - Amended Assembly | |
| 07/03/24 - Amended Senate | |
| 08/23/24 - Amended Senate | |
| 09/05/24 - Enrolled | |
| 09/25/24 - Chaptered |
| Document | Format |
|---|---|
| 04/09/24- Assembly Local Government | |
| 04/30/24- Assembly Appropriations | |
| 05/31/24- Senate Local Government | |
| 07/01/24- Senate Local Government | |
| 08/07/24- Sen. Floor Analyses | |
| 08/26/24- Sen. Floor Analyses | |
| 08/29/24- ASSEMBLY FLOOR ANALYSIS | |
| 08/30/24- ASSEMBLY FLOOR ANALYSIS | |
| 08/30/24- Assembly Local Government |
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