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California Mines for Gold With New Production Incentives

California is back in the incentives game.

On Sept. 18, Gov. Jerry Brown signed Assembly Bill 1839, tripling the state’s production tax breaks to $330 million.

The bill replaces the lottery system with a jobs-based model that sunsets on June 30, 2020. The final $100 million in the existing program will be allocated July 1, 2015, with the new program adding $230 million for fiscal year 2015–2016 at that same time.

In subsequent years, the program will receive $330 million in funding.

Information courtesy of EP Financial Solutions, a production incentive consulting and financial services company.

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