- California Governor signed law extending sales tax exclusion for energy projects until January 1, 2028The law amends multiple sections of Public Resources Code and Revenue and Taxation CodeCalifornia Alternative Energy and Advanced Transportation Financing Authority can exclude participating parties from sales and use taxEligible projects include California manufacturing, job creation, advanced manufacturing, greenhouse gas reduction, and pollution or energy consumption reductionAmendment takes immediate effect as a tax levy
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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