(a) The sale or purchase of tangible personal property of a project approved pursuant to this section before January 1, 2026, shall continue to be excluded from sales and use taxes pursuant to § 6010.8 of the Revenue and Taxation Code for the period of time set forth in the authority‘s resolution approving the project pursuant to this section.

(b) For purposes of this section, the following terms have the following meanings:

Terms Used In California Public Resources Code 26011.8 v2

  • Advanced manufacturing: includes any of the following:

    California Public Resources Code 26003

  • Advanced transportation technologies: means emerging commercially competitive transportation-related technologies identified by the authority as capable of creating long-term, high-value-added jobs for Californians while enhancing the state's commitment to energy conservation, pollution and greenhouse gas emissions reduction, and transportation efficiency. See California Public Resources Code 26003
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Authority: means the California Alternative Energy and Advanced Transportation Financing Authority established pursuant to Section 26004, and any board, commission, department, or officer succeeding to the functions of the authority, or to which the powers conferred upon the authority by this division shall be given. See California Public Resources Code 26003
  • Personal property: All property that is not real property.
  • Project: means a land, building, improvement to the land or building, rehabilitation, work, property, or structure, real or personal, stationary or mobile, including, but not limited to, machinery and equipment utilized in the state, whether or not in existence or under construction, that utilizes, or is designed to utilize, an alternative source, or that is utilized for the design, technology transfer, manufacture, production, assembly, distribution, or service of advanced transportation technologies or alternative source components. See California Public Resources Code 26003
  • Revenue: means all rents, receipts, purchase payments, loan repayments, and all other income or receipts derived by the authority from a project, or the sale, lease, or other disposition of alternative source or advanced transportation technology facilities, or the making of loans to finance alternative source or advanced transportation technology facilities, and any income or revenue derived from the investment of money in any fund or account of the authority. See California Public Resources Code 26003

(1) “Project” means tangible personal property if at least 50 percent of its use is either to process recycled feedstock that is intended to be reused in the production of another product or using recycled feedstock in the production of another product or soil amendment, or tangible personal property that is used in the state for the design, manufacture, production, or assembly of advanced manufacturing, advanced transportation technologies, or alternative source products, components, or systems, as defined in Section 26003. “Project” does not include tangible personal property that processes or uses recycled feedstock in a manner that would constitute disposal as defined in subdivision (b) of Section 40192.

(2) “Recycled feedstock” means materials that would otherwise be destined for disposal, having completed their intended end use and product lifecycle.

(3) “Soil amendments” may include “compost,” as defined in § 14525 of the Food and Agricultural Code, “fertilizing material,” as defined in § 14533 of the Food and Agricultural Code, “gypsum” or “phosphatic sulfate gypsum,” as those terms are defined in § 14537 of the Food and Agricultural Code, or a substance distributed for the purpose of promoting plant growth or improving the quality of crops by conditioning soils through physical means.

(c) The exclusions granted pursuant to § 6010.8 of the Revenue and Taxation Code for projects approved by the authority pursuant to this section prior to January 1, 2026, shall not exceed one hundred million dollars ($100,000,000) for each calendar year.

(d) This section shall become operative on January 1, 2026.

(Repealed (in Sec. 5.5) and added by Stats. 2019, Ch. 690, Sec. 6. (AB 1583) Effective January 1, 2020. Section operative January 1, 2026, by its own provisions.)

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