HomeMy WebLinkAboutSB 1194 - Clean Energy TechnologyREQUEST:
DATE:
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CITY OF PALM DESERT
COMMUNITY SERVICES DEPARTMENT
STAFF REPORT
CONSIDERATION OF LEGISLATIVE REVIEW COMMITTEE ACTION
ON SB 1194 (Battin) AT ITS MEETING OF FEBRUARY 26, 2008
March 27, 2008
CONTENTS: SB 1194 Language
RECOMMENDATION:
By Minute Motion, concur with the action taken by the Legislative Review Committee at its
meeting of February 26, 2008, and direct staff to prepare a letter of support for the Mayor's
signature with regard to SB 1194 (Battin) relative to clean energy technology.
EXECUTIVE SUMMARY:
Passage of SB 1194 would declare the legislature's intent to enact legislation that would provide
tax credits to businesses newly located in the Coachella Valley that develop clean energy
technology.
BACKGROUND:
Existing law imposes various taxes on income and property and provides various credits against
those taxes. The provisions of SB 1194 would declare the Legislature's intent to enact
legislation that would provide tax credits, in a manner similar to those provided with respect to
Enterprise Zones, to businesses newly located in the Coachella Valley that develop clean
energy technology.
Because the City of Palm Desert supports any measures that improve the enviro men. , f&r o:h
the long and short term, the Legislative Review Committee recommends that th Citw Co mil w
support SB 1194 and direct staff to prepare a letter stating that position to approor to IE gi sl to .s o
for th Mayor's signature.
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PATRICIA SCULLY, CFEE
SENIOR MANAGEMENT ANALYST
SHEILA R. G LI
ACM/COMMUNITY SERV
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PAUL GIBSON A I >'
DIRECTOR OF FINANCE/ H w _-
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