California SB86 amends tax exclusions for advanced manufacturing and transportation projects.

California SB86 amends the California Alternative Energy and Advanced Transportation Financing Authority Act to modify the sales and use tax exclusion for certain projects. It defines "advanced manufacturing" and "advanced transportation technologies" and sets criteria for project approval. The bill aims to promote job creation, reduce emissions, and enhance energy efficiency. It also mandates a study on the tax exclusion's economic impact and job creation. The provisions are set to expire on January 1, 2028.

California SB86 amends tax exclusions for advanced manufacturing and transportation projects.

California SB86 amends the California Alternative Energy and Advanced Transportation Financing Authority Act to modify the sales and use tax exclusion for certain projects. It defines "advanced manufacturing" and "advanced transportation technologies" and sets criteria for project approval. The bill aims to promote job creation, reduce emissions, and enhance energy efficiency. It also mandates a study on the tax exclusion's economic impact and job creation. The provisions are set to expire on January 1, 2028.