CA AB1341

Exempts the Long Beach Courthouse replacement project from possessory interest property taxation if a nongovernmental entity designs, builds, finances, operates, and maintains the facility under a project agreement with the Judicial Council

Requires the Judicial Council to maintain exclusive use and control of the courthouse land and improvements for 35 years and retain title to the property

Prohibits the nongovernmental entity from claiming ownership of the courthouse improvements for any purpose, including federal income tax deductions for depreciation

Exemption does not apply to any commercial office space, retail space, or paid parking that the nongovernmental entity uses for non-governmental purposes

State shall not reimburse local agencies for property tax revenues lost due to this exemption, notwithstanding existing law requiring such reimbursement