Cold storage facilities.

Existing law, the Permit Streamlining Act, establishes requirements for the review and approval of applications for development projects, as defined, by public agencies, including requiring that a public agency that is the lead agency for the development project approve or disapprove the project within certain time periods, as specified. This bill would prohibit a city, county, or city and county from approving a building permit for cold storage facilities, as defined, unless the owner of the cold storage facility, or the lessee or operator of the cold storage facility, as specified, establishes a contingency fund, as defined, to be used upon declared national, state, or local emergencies in certain circumstances. The bill would require an owner of a cold storage facility to provide evidence of the contingency fund at the discretion of the city, county, or city and county, as specified, and authorize an owner to require the lessee or operator of the cold storage facility to establish and maintain the contingency fund. The bill would require a cold storage facility to use the contingency fund for, among other things, providing support during the declared state of emergency or local emergency for affected communities, as specified. By imposing additional requirements on cities and counties, the bill would impose a state-mandated local program. The Personal Income Tax Law and the Corporation Tax Law, in modified conformity with federal income tax law, generally define "gross income" for purposes of the taxes imposed by those laws as income from whatever source derived, except as specifically excluded, and provide various exclusions from gross income. This bill would, for taxable years beginning on or after January 1, 2027, and before January 1, 2032, exclude from gross income any amount received by a qualified taxpayer, as defined, in settlement for claims relating to the 2026 Boyle Heights fire incident, as defined. Existing law requires that any bill introduced o