SB 86: California Alternative Energy and Advanced Transportation Financing Authority Act: sales and use tax exclusion.

This bill amends existing laws to provide financial assistance to projects promoting California-based manufacturing, jobs, advanced manufacturing, and reducing greenhouse gases, air and water pollution, and energy consumption. The bill extends the authorization for financial assistance until January 1, 2028, and adds nuclear fusion technology to qualifying projects. It also requires large applicants to certify compliance with labor requirements, starting January 1, 2026. The bill takes effect immediately as a tax levy.