CA AB1690

Provides state allocations to Humboldt County for property tax revenue reductions resulting from reassessment of earthquake-damaged properties following the January 9, 2010 earthquake.

Protects homeowners' property tax exemptions for dwellings damaged or destroyed by the earthquake that have not changed ownership since January 9, 2010, preventing disqualification solely due to temporary damage, reconstruction, or restricted access.

Allows taxpayers to carry over excess disaster losses from the Humboldt County earthquake to five subsequent taxable years, and to an additional 10 years for any remaining losses, with option to claim deduction on preceding year's return.

Requires Humboldt County auditor to certify estimated property tax revenue reductions by October 30, 2010, with the Director of Finance allocating funds to the county within 30 days of verification.

Takes effect immediately as an urgency statute to provide timely relief to persons and jurisdictions affected by the Humboldt County earthquake.