AB 538
Revises provisions governing the Board of Economic Development. (BDR 18-419)
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- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill revises the procedures governing the Board of Economic Development, particularly regarding the approval of tax credits and abatements for businesses. It requires the Board to consider applications for these incentives, especially for projects with a value of $500,000 or more, and mandates that the Office of Economic Development notify relevant local governments about such applications. Furthermore, the bill allows temporary voting members of the Board to be appointed from local governments to participate in these discussions, ensuring local input on economic development projects.
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Primary sponsor
Assembly Committee on Revenue
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