Assembly Bill (AB) 2854 Compliance

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Tax Sharing Agreement Compliance

What is AB 2854?

On September 28, 2024, the California legislature passed AB 2854 and it was signed into law by the governor on the same day. This law requires that each local agency annually report information concerning tax revenue sharing agreements to the California Department of Tax and Fee Administration (CDTFA). Tax revenue sharing agreements include those resulting in the direct or indirect payment, transfer, diversion, or rebate of Bradley-Burns local tax revenues. This may include tax revenue paid to a sales tax consultant, on a contingency basis or otherwise, resulting from a petition for redistribution of local tax.

Agencies must report on or before April 30th for the preceding fiscal year with the first information reporting due on April 30, 2025. Additionally, agencies are required to publish information about each tax revenue sharing agreement on their website.

Tax Revenue Sharing Agreements as of the Fiscal Year ended June 30, 2024:

Sales Tax Consultant Agreement:

HdL Companies - 2022 - (Note that only the audit portion of the Bradley-Burns local sales tax services is applicable under AB 2854).

For more information about AB 2854, please visit the CDTFA’s Tax Revenue Sharing Agreements for Jurisdictions webpage.