California expands sales tax exclusion to "clean tech" manufacturing equipment

On March 24, 2010, Governor Schwarzenegger signed Senate Bill 71, expanding an existing sales tax exclusion for transfers to and from the California Alternative Energy and Advanced Transportation Financing Authority.

Under S.B. 71, the expanded exclusion applies to the purchase of tangible personal property for use in the "design, manufacture, production, or assembly" of specified transportation technologies and alternative clean energy "products, components, or systems."