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BILL NAME

AUTHOR

PROGRESS

SB 187: (CA) Ad Valorem Tax Exemption for Certain Manufacturing Facilities

Highlights

Present constitution authorizes a property tax exemption for new manufacturing establishments and additions to existing establishments for an initial term of five years, with a five year renewal through a contract granted by the Board of Commerce and Industry, with the approval of the governor.

Proposed constitutional amendment retains the exemption program authorized by the present constitution and authorizes the legislature to provide bylaw for the implementation of the exemption program and to provide for a uniform approval process.

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For more information on this bill or to learn more about its author, visit the Legislature’s page here.

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