The City currently maintains two active agreements as a component of a retail sales tax incentive program for business retention and attraction. Beginning January 1, 2025, Revenue and Taxation Code (RTC) section 7213 requires local agencies to annually report tax revenue sharing agreements information concerning Bradley-Burns local tax revenues.

Pursuant to Government Code Section 53083, the link below will provide the following information about the City’s active tax revenue sharing agreements:

• The name or names of parties to the agreement
• The date the agreement was originally executed (including links to each active contract) 
• The date the agreement terminated or will terminate, absent any renewal.
• The total dollar amount of rebated sales and use tax revenues received by each party to the agreement on or after the date of execution of the agreement through and including June 30 of the fiscal year immediately preceding the date of the report 
• The total dollar amount of rebated sales and use tax revenues received by each party to the agreement during the fiscal year immediately preceding the date of the report.
• The percentage of a retailer's sales and use taxes, if any, used to calculate or otherwise determine the rebated sales and use tax revenues received by each party to the agreement. None of the City’s current active agreements include a third-party participant.

Documents

• AB 562 Report - SC Fuels
• AB 562 Report - Providence
• Tax Revenue Sharing Agreement Reporting Form - 2024