Existing sales and use tax laws impose taxes on retailers based on the gross receipts from the sale or consumption of tangible personal property in California. The California Alternative Energy and Advanced Transportation Financing Authority Act allows the authority to provide financial assistance through sales and use tax exclusions for certain projects promoting California-based manufacturing, jobs, advanced manufacturing, and reductions in greenhouse gases or pollution, with a cap of $100,000,000 per year until January 1, 2026. This bill extends the tax exclusion authorization indefinitely, increases the annual cap to $300,000,000, and adds electrical generation facilities using nuclear fusion technology to the list of qualifying projects, along with other conforming changes.