SB1172 regulates tax sharing agreements between local agencies in California, limiting consultant compensation and defining terms.

SB1172 amends the Bradley-Burns Uniform Local Sales and Use Tax Law to regulate tax sharing agreements between local agencies. It defines "tax sharing agreement" to exclude agreements between local agencies and consultants for recovering incorrectly allocated tax revenues. The bill limits compensation for consultants to the lesser of five percent of total shared tax revenues or $250,000. It also restricts consultant compensation to no more than three years after the effective date or project completion.

SB1172 regulates tax sharing agreements between local agencies in California, limiting consultant compensation and defining terms.

SB1172 amends the Bradley-Burns Uniform Local Sales and Use Tax Law to regulate tax sharing agreements between local agencies. It defines "tax sharing agreement" to exclude agreements between local agencies and consultants for recovering incorrectly allocated tax revenues. The bill limits compensation for consultants to the lesser of five percent of total shared tax revenues or $250,000. It also restricts consultant compensation to no more than three years after the effective date or project completion.