CA AB1945

Amends Revenue and Taxation Code Section 107.4 to clarify that private contractor possession of military family housing under long-term leases does not constitute a taxable possessory interest when specified criteria are met.

Requires that any property tax savings on military housing inure solely to the benefit of residents through improvements such as child care centers.

Authorizes county assessors to levy escape assessments within four years after July 1 of the assessment year in which property tax savings are withdrawn from a reserve account, if the military requires such savings be held in reserve for future project construction.

Establishes criteria for exempting military family housing from possessory interest taxation, including military control over housing units, tenant designation, rent setting, profit limitations, and compliance with the Military Housing Privatization Initiative.