Gasoline prices.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Utilities and Energy
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill increases the civil penalty for companies that fail to provide information to the California Energy Commission regarding gasoline prices and their impact on state revenues. Currently, the penalty is $10,000 per day, but it will be raised to $15,000 per day. The bill also clarifies the California Department of Tax and Fee Administration’s authority to gather and use data related to gasoline sales to analyze market trends and identify potential issues.
Key provisions
- Increases the civil penalty for non-compliance with information requests to $15,000 per day.
- Authorizes the California Department of Tax and Fee Administration to request and use records related to gasoline sales.
- Specifies the types of records the Department can request, including sales prices and contracts.
- Confidentiality provisions for information provided by companies to the Department.
- Requires recipients of climate innovation incentives to remain California-headquartered for 10 years after the incentive ends.
- Mandates the State Energy Resources Conservation and Development Commission to review gasoline prices and their impact on state revenues annually.
Who is affected
- California Energy Commission
- California Department of Tax and Fee Administration
- Gasoline retailers
- Companies receiving climate innovation incentives
- California taxpayers
Bill text
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Sponsors
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1 on record
Primary sponsor
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