California SB1172 regulates tax sharing agreements, limiting consultant compensation and defining terms.

California SB1172 amends the Bradley-Burns Uniform Local Sales and Use Tax Law to regulate tax sharing agreements. It limits compensation for consultants to no more than five percent of total shared tax revenues or $250,000, whichever is lower. Consultants cannot receive compensation more than three years after the effective date or project phase completion. The law defines "consultant" as a person or business providing services for tax sharing agreements, and "local agency" as a city, county, city and county, or special district.

California SB1172 regulates tax sharing agreements, limiting consultant compensation and defining terms.

California SB1172 amends the Bradley-Burns Uniform Local Sales and Use Tax Law to regulate tax sharing agreements. It limits compensation for consultants to no more than five percent of total shared tax revenues or $250,000, whichever is lower. Consultants cannot receive compensation more than three years after the effective date or project phase completion. The law defines "consultant" as a person or business providing services for tax sharing agreements, and "local agency" as a city, county, city and county, or special district.