Section 7115.

Latest version.

The department shall submit a report to the Legislature on or before July 1, 1996, and every year thereafter, which:

(a) Evaluates the effect of the program on employment, investment, and incomes, and on state and local tax revenues in designated local agency military base recovery areas.

(b) Indicates whether the number of existing local agency military base recovery areas should be expanded, by how many, and under what applicable time schedules.

(c) Information from the Franchise Tax Board on the dollar value of local agency military base recovery area tax credits that are claimed each year by businesses.

(Amended by Stats. 2004, Ch. 145, Sec. 23. Effective July 14, 2004. Repealed as of January 1, 2014, pursuant to Section 7119.)

                    
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