Jerry McNerney
- Democratic
- Senator
- District 5
Author
Existing sales and use tax laws impose taxes on retailers measured by the gross receipts from the sale of tangible personal property sold at retail in this state, or on the storage, use, or other consumption in this state of tangible personal property purchased from a retailer for storage, use, or other consumption in this state. The California Alternative Energy and Advanced Transportation Financing Authority Act establishes the California Alternative Energy and Advanced Transportation Financing Authority. The act authorizes, until January 1, 2026, the authority to provide financial assistance to a participating party by authorizing exclusions from sales and use tax for certain projects, including those that promote California-based manufacturing, California-based jobs, advanced manufacturing, the reduction of greenhouse gases, or a reduction in air and water pollution or energy consumption. The Sales and Use Tax Law, for the purposes of the taxes imposed pursuant to that law, until January 1, 2026, excludes the lease or transfer of title of tangible personal property constituting one of those projects to any contractor for use in the performance of a construction contract for a participating party that will use that property as an integral part of the approved project. This bill would extend to January 1, 2028, the authorization to provide financial assistance in the form of a sales and use tax exclusion for projects approved by the authority. The bill would add electrical generation facilities using nuclear fusion technology to the types of projects qualifying for this sales and use tax exclusion. The bill would, on and after January 1, 2026, for an applicant that, together with its parent corporation and subsidiaries, employs 500 or more employees, prohibit the authority from approving a project unless the applicant certifies that the applicant and its subcontractors will comply with certain labor requirements. The bill would make other conforming changes. This bill would take effect immediately as a tax levy.
Chaptered by Secretary of State. Chapter 211, Statutes of 2025.
Approved by the Governor.
Enrolled and presented to the Governor at 3 p.m.
Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2710.) Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 76. Noes 0. Page 3003.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Read third time and amended.
Ordered to third reading.
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 11. Noes 0.) (August 29).
August 20 set for first hearing. Placed on 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 7. Noes 0.) (July 14).
July 14 set for first hearing. Placed on REV. & TAX. suspense file.
From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 16. Noes 0.) (July 7). Re-referred to Com. on REV. & TAX.
Re-referred to Coms. on TRANS. and REV. & TAX. pursuant to Assembly Rule 96.
Referred to Coms. on REV. & TAX. and TRANS.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 39. Noes 0. Page 1521.) Ordered to the Assembly.
Ordered to special consent calendar.
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 6. Noes 0. Page 1191.) (May 23).
Set for hearing May 23.
April 7 hearing: Placed on APPR. suspense file.
Set for hearing April 7.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 568.) (March 26). Re-referred to Com. on APPR.
Set for hearing March 26.
From printer. May be acted upon on or after February 21.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB86 | HTML |
| 01/21/25 - Introduced | |
| 05/23/25 - Amended Senate | |
| 07/16/25 - Amended Assembly | |
| 09/02/25 - Amended Assembly | |
| 09/03/25 - Amended Assembly | |
| 09/12/25 - Enrolled | |
| 10/01/25 - Chaptered |
| Document | Format |
|---|---|
| 03/21/25- Senate Revenue and Taxation | |
| 04/04/25- Senate Appropriations | |
| 05/23/25- Senate Appropriations | |
| 05/27/25- Sen. Floor Analyses | |
| 07/03/25- Assembly Transportation | |
| 07/11/25- Assembly Revenue and Taxation | |
| 08/18/25- Assembly Appropriations | |
| 09/03/25- ASSEMBLY FLOOR ANALYSIS | PDF PDF |
| 09/09/25- Sen. Floor Analyses |
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