Shannon Grove
- Republican
- Senator
- District 12
Author
Existing law, the Lithium Extraction Tax Law, imposes a lithium extraction excise tax upon each metric ton of lithium carbonate equivalent extracted from geothermal fluid, spodumene ore, rock, minerals, clay, or any other naturally occurring substance in this state, as specified. Existing law requires the California Department of Tax and Fee Administration to administer and collect the tax and requires all collected revenues, less refunds and reimbursement to the department for administrative expenses, to be deposited into the Lithium Extraction Excise Tax Fund and disbursed in the manner prescribed. Existing law requires 80% of the moneys in the Lithium Extraction Excise Tax Fund to be disbursed by the Controller to all counties in proportion to the amounts collected for lithium extraction within each county, as specified, and 20% of the moneys to be deposited into the Salton Sea Lithium Fund. This bill would, instead of depositing 20% of the moneys in the Lithium Extraction Excise Tax Fund into the Salton Sea Lithium Fund, deposit 20% of the revenues collected in the County of Imperial into the Salton Sea Lithium Fund, and disburse 20% of the revenues collected in every other county to that county for distribution to communities in that county that are the most impacted by the lithium extraction activities. The bill would remove a restriction on the Lithium Extraction Excise Tax Fund, and would change the amount deposited into the Salton Sea Lithium Fund, both continuously appropriated funds, thereby making an appropriation. This bill would make legislative findings and declarations as to the necessity of a special statute for the County of Imperial.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 596, Statutes of 2024.
Enrolled and presented to the Governor at 3 p.m.
In Senate. Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 77. Noes 0. Page 6523.) Ordered to the Senate.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 14. Noes 0.) (August 15).
August 7 set for first hearing. Placed on suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 24). Re-referred to Com. on APPR.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 37. Noes 0. Page 4178.) Ordered to the Assembly.
Ordered to special consent calendar.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 7. Noes 0. Page 3966.) (May 16).
Set for hearing May 16.
April 22 hearing: Placed on APPR suspense file.
Set for hearing April 22.
From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 6. Noes 0. Page 3563.) (April 10). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
Set for hearing April 10.
From printer. May be acted upon on or after February 29.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB974 | HTML |
| 01/29/24 - Introduced | |
| 04/02/24 - Amended Senate | |
| 08/28/24 - Enrolled | |
| 09/25/24 - Chaptered |
| Document | Format |
|---|---|
| 04/05/24- Senate Revenue and Taxation | |
| 04/19/24- Senate Appropriations | |
| 05/17/24- Sen. Floor Analyses | |
| 06/21/24- Assembly Revenue and Taxation | |
| 08/05/24- Assembly Appropriations | |
| 08/19/24- ASSEMBLY FLOOR ANALYSIS |
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