SB5 amends California's Government Code to enhance infrastructure financing districts and community revitalization areas.

SB5 amends the Government Code to modify how taxes are allocated in enhanced infrastructure financing districts and community revitalization areas. It specifies that taxes collected from taxable property within these districts should be allocated to a special fund for lawful purposes. If the district ceases to exist, the revenues are to be apportioned to the respective city or county. The bill also excludes certain taxes from being levied on agricultural land enrolled in specific contracts. The changes are designed to support infrastructure improvements and community revitalization efforts.

SB5 amends California's Government Code to enhance infrastructure financing districts and community revitalization areas.

SB5 amends the Government Code to modify how taxes are allocated in enhanced infrastructure financing districts and community revitalization areas. It specifies that taxes collected from taxable property within these districts should be allocated to a special fund for lawful purposes. If the district ceases to exist, the revenues are to be apportioned to the respective city or county. The bill also excludes certain taxes from being levied on agricultural land enrolled in specific contracts. The changes are designed to support infrastructure improvements and community revitalization efforts.