BILL NUMBER: AB 2465	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Chesbro

                        FEBRUARY 21, 2014

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2465, as introduced, Chesbro. Tax benefits.
   Existing law imposes various taxes and allows specified credits,
deductions, exclusions, and exemptions in computing those taxes.
   This bill would state the intent of the Legislature to enact
legislation that would provide tax benefits to taxpayers for the
construction or installation of offsite water storage facilities, in
watersheds with salmon or anadromous trout species that are listed
under the state or federal endangered species acts, that eliminate or
significantly reduce the need for summer water diversion from a
stream.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to enact
legislation that would provide tax benefits to taxpayers for the
construction or installation of offsite water storage facilities, in
watersheds with salmon or anadromous trout species that are listed
under the federal Endangered Species Act of 1973 (16 U.S.C. Sec. 1531
et seq.) or the California Endangered Species Act (Chapter 1.5
(commencing with Section 2050) of Division 3), that eliminate or
significantly reduce the need for summer water diversion from a
stream.