Bradley-Burns Uniform Local Sales and Use Tax Law: tax sharing agreements.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Enrolled
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill limits the amount of compensation a local agency can pay to a consultant involved in tax sharing agreements under the Bradley-Burns Uniform Local Sales and Use Tax Law. It establishes a cap of 5% of the total shared tax revenues or $250,000, whichever is lower, and excludes compensation for staff and non-compensated advisory services. The bill also requires agreements to be posted online for 30 days before approval and applies only to agreements starting January 1, 2027, deeming this a statewide concern.
Key provisions
- Establishes a cap of 5% of shared tax revenues or $250,000 on consultant compensation for tax sharing agreements.
- Excludes compensation for local agency staff and non-compensated technical consultants.
- Requires tax sharing agreements to be posted on the local agency's website for 30 days prior to approval.
- Defines ‘tax sharing agreement’ as any agreement resulting in the transfer or rebate of sales and use tax revenue.
- Applies only to agreements entered into on or after January 1, 2027.
- Specifies that consultants cannot receive compensation more than three years after the agreement's effective date or project completion.
- Declares that ensuring fairness in tax sharing agreements is a statewide concern, extending the bill’s application to all cities, including charter cities.
Who is affected
- Local Agencies (cities, counties, etc.)
Bill text
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Sponsors
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1 on record
Primary sponsor
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