Enhanced infrastructure financing districts and community revitalization and investment areas: allocation of taxes: agricultural land exclusion.

Senator Cabaldon's legislation modifies how tax revenues are allocated within enhanced infrastructure financing districts and community revitalization areas by excluding agricultural lands under conservation contracts from these funding mechanisms. The bill prevents taxes levied on parcels enrolled in Williamson Act or farmland security zone contracts from being diverted to infrastructure and revitalization projects.

The measure creates specific exclusions for agricultural properties, maintaining their existing tax arrangements until both contract cancellation and rezoning occur. For parcels where Williamson Act or farmland security zone contracts are terminated, the tax allocation exclusion remains in effect until the next equalized assessment roll following both the cancellation and rezoning for non-agricultural uses.

Local governments must now account for these agricultural property exclusions when establishing tax increment financing plans for infrastructure districts or community revitalization areas. The changes apply to both new districts and existing ones, requiring updates to their revenue allocation frameworks while preserving the priority of any pre-existing redevelopment obligations.