SB 71 of 2010 established a sales and use tax exclusion (STE) for eligible projects on property utilized for the design, manufacture, production or assembly of advanced transportation technologies or alternative source (including energy efficiency) products, components, or systems. The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) is administering the program. The STE Program is currently authorized through 2025.
To date, the Program has approved financial assistance for private entities in the following fields: electric vehicle manufacturing, solar photovoltaic manufacturing, landfill gas capture and production, biogas capture and production (dairies and waste water treatment plants), demonstration hydrogen fuel production, electric vehicle battery manufacturing, biomass processing and fuel production, and others.
Eligibility Criteria: § 10033
Application Evaluation: § 10033
Those interested in participating in the SB 71 Program should contact the California Alternative Energy and Advanced Transportation Financing Authority.
On October 16, 2020, CAEATFA issued a Notice of Emergency Regulations to make STE Program modifications that address the program’s oversubscription for the last two years, the unprecedented economic impact of the COVID-19 pandemic, incorporate lessons learned from program implementation, add further clarity and specificity in existing regulations provisions, and update and revise regulation and statutory cross-references. The emergency rulemaking package was submitted to the Office of Administrative Law (“OAL”) for review on October 26, 2020. The regulatory action was approved by OAL and became effective upon filing with the Secretary of State on November 4, 2020.
|Incentive Type:||Industry Recruitment/Support|
|Administrator:||State Treasurer's Office|
|Eligible Renewable/Other Technologies:||
|Incentive Amount:||100% exemption|
|Terms:||Projects must apply for an exemption through the California Alternative Energy and Advanced Transportation Financing Authority|
|Name:||CA Public Resources Code § 26011.8|
|Name:||4 CA ADC § 10030, et seq.|
|Name:||CA Revenue and Taxation Code § 6010.8|
|Name:||CA ADC 4 § 13|
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This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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