2020 - Assembly Bill 3360 (Cunningham, Jordan), Greenhouse Gas Reduction Fund: Transfer of Solar Tax Exemption (Dead)
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Would have provided a partial income tax exemption to a resident leasing a solar electric generation system that meets or exceeds the compliance requirements of equipment used for purposes of complying with specified State buildings standards and the tangible personal property on a rental property. Of interest to CARB, this bill would have required a transfer of the revenue value of the total dollar amount of solar tax exemptions provided by this bill from the Greenhouse Gas Reduction Fund to the General Fund. Was not heard in the Assembly Revenue and Taxation Committee.