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Committee advances SB 86 to reauthorize and expand CATFA sales and use tax exclusion for clean‑tech manufacturing
Summary
Senate Bill 86, authored by Senator McNerney, would reauthorize and expand the California Alternative Energy and Advanced Transportation Financing Authority (CATFA) sales and use tax exclusion program, increase program caps and include additional technologies; the Revenue and Taxation Committee unanimously moved the measure to Appropriations.
Senate Bill 86, presented by Senator McNerney, would indefinitely reauthorize the CATFA sales and use tax exclusion program, raise program caps and expand eligible technologies to include emerging areas such as fusion energy and advanced manufacturing. The Revenue and Taxation Committee voted to pass the bill to the Committee on Appropriations.
Deputy Treasurer Cam Morton, representing State Treasurer Fiona Ma in her role as chair of CATFA, described the sales and use tax exclusion (SEUE) program as a long‑running tax‑based incentive that has supported clean‑tech manufacturing since 2010. Morton said the program has incentivized over $15.4 billion in projects across more than 41 counties,…
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