Economic Development

Tax Sharing Agreements

The purpose of the following reports is to provide the information required pursuant to Government Code Section 53083.

• Alant Corp
• American Life, Inc. (2016 Report)
• American Life, Inc. (2017 Report)
• Atlantic and Artesia, LLC
• Breakers Development, LLC
• Cabe Brothers
• CRC Services, LLC
  
• Dion & Sons, Inc.
• Weber Metals, Inc.
• Worthington Ford

Sales and Use Tax (Bradley-Burns) Revenue Sharing Agreements 

The City currently maintains eight active agreements as part of its Retail Sales Tax Incentive and Location Agreement Programs. These programs are a valuable business retention and attraction tool which attracts new business, creates jobs, and enhances sales tax revenue to the City.  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. The link below will provide the following information about each of 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. 

Active Bradley-Burns Local Tax Sharing Agreement Data*

*Fiscal years reflected on the report reflect a July through June period to align with reporting requirements.