Economic development: Clean Manufacturing and Job Creation Incentive Act of 2012.

(1) The Enterprise Zone Act provides for the designation and oversight by the Department of Housing and Community Development of various types of economic development areas throughout the state, including enterprise zones, targeted tax areas, local agency military base recovery areas (LAMBRAs) , and manufacturing enhancement areas, collectively known as geographically targeted economic development areas, or G-TEDAs. Pursuant to these provisions, qualifying entities in those areas may receive certain tax and regulatory incentives. This bill would, until January 1, 2020, establish the Clean Manufacturing and Job Creation Incentive Act of 2012, and would authorize the legislative body of a city, county, or city and county to establish a clean manufacturing zone, as defined, within the city, county, or city and county's boundaries for the purpose of providing incentives to manufacturing businesses to locate within that city, county, or city and county. (2) Existing property tax law provides for the levy of an annual ad valorem tax on personal property, with certain exceptions, based upon the full value of that property. This bill, commencing with the 2013–14 fiscal year, would, until January 1, 2020, authorize local agencies, as defined, to provide an annual rebate to a taxpayer in an amount that shall not exceed the amount of property tax revenue paid by the taxpayer for that year for qualified manufacturing property that is located within a clean manufacturing zone.