Amended in Assembly March 28, 2014

California Legislature—2013–14 Regular Session

Assembly Bill No. 2717

Introduced by Assembly Members Bonta and Skinner

February 21, 2014

An act relating to begin delete taxation. end delete begin insert economic development, and making an appropriation thereof. end insert

LEGISLATIVE COUNSEL’S DIGEST

AB 2717, as amended, Bonta. begin delete Taxation: incentives: owners of unused property: local businesses. end delete begin insert Small Business Development Center Program: appropriation. end insert

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Existing law establishes the California Economic Development Fund and authorizes the Governor’s Office of Business and Economic Development, upon appropriation by the Legislature, to provide matching funds for economic development purposes from that fund.

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This bill would appropriate $6 million from the General Fund to the California Economic Development Fund to provide a cash match for federal funds to administrative lead centers that have contracts with the United States Small Business Administration to administer the federal Small Business Development Center Program in California, subject to a specified condition. This bill would only become operative if AB 2670 of the 2013-14 Regular Session is enacted and becomes operative.

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Existing tax laws provide various incentives to advance societal goals.

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This bill would state the intent of the Legislature to enact legislation that would provide tax incentives for owners of unused real property who allow local entrepreneurs to start a business on that property.

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Vote:  begin delete majority end delete begin insert ²⁄₃ end insert . Appropriation:  begin delete no end delete begin insert yes end insert . Fiscal committee:  begin delete no end delete begin insert yes end insert . State-mandated local program: no.

The people of the State of California do enact as follows:

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begin insert SECTION 1. end insert   

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(a) Six million dollars ($6,000,000) is hereby
appropriated from the General Fund to the California Economic
Development Fund, established pursuant to subdivision (a) of
Section 13997.6 of the Government Code, to provide a cash match
for administrative lead centers that have contracts with the United
States Small Business Administration to administer the federal
Small Business Development Center Program in California. Funds
shall only be awarded to an administrative lead center that submits
written confirmation from the regional administrator of the United
States Small Business Administration documenting that the state
funds will be matched by federal funds on a one-for-one basis.

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(b) This act shall only become operative if Assembly Bill 2670
of the 2013-14 Regular Session is enacted and becomes operative.

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SECTION 1.  

It is the intent of the Legislature to enact
legislation that would provide tax incentives for owners of unused
real property who allow local entrepreneurs to start a business on
that property.

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