AB2854 Compliance

 Tax Sharing Agreement Compliance (Assembly Bill (AB) 2854)

Background

On September 28, 2024, the California legislature passed AB2854 and it was signed into law by the governor that day.  This law requires that each local agency annually report information concerning tax revenue sharing agreements to the California Department of Tax and Fee Administration (CDTFA). Tax revenue sharing agreements include those resulting in the direct or indirect payment, transfer, diversion, or rebate of Bradley-Burns local tax revenues. Agencies must report on or before April 30th for the preceding fiscal year with the first information reporting due on April 30, 2025. In addition, agencies are required to publish information about each tax revenue sharing agreement on their website.

Tracy AB 2854 FY24 Report(PDF, 47KB)

Tax Sharing Agreements

Home Depot U.S.A., Inc.(PDF, 2MB)
Fisher Scientific(PDF, 1MB)
Medline Industries(PDF, 1MB)

For more information about AB2854, please visit the CDTFA’s Tax Revenue Sharing Agreements for Jurisdictions webpage.