CA SB1250

Amends property tax law to exclude military housing constructed and managed by private contractors from being classified as a taxable possessory interest when the housing meets specific military control criteria.

Requires private contractors managing military housing to notify the county assessor by February 15 annually of any units rented to unaffiliated members of the general public and remain responsible for property taxes on those units.

Defines "unaffiliated member of the general public" as any person who is not a current military member, excluding management and maintenance personnel living on the property.

Establishes 14 criteria that military housing must meet to qualify for tax exemption, including military control over tenant selection, rent rates, financing approval, and operation of the housing units.

Requires any property tax savings on military housing to benefit residents through improvements such as child care centers provided by the private contractor.