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CA AB1788

Bill

Official Source

Status

Introduced

2/21/2012

Primary Sponsor

Mike Morrell

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Expands the welfare exemption for religious, hospital, and charitable properties to explicitly include equipment in facilities under construction
  • Redefines "facilities in the course of construction" to include prospective construction or rehabilitation evidenced by a building permit application, provided construction commences within 12 months of permit approval
  • Grants exempt status and cancels or refunds any taxes levied once physical construction activity actually begins
  • Specifies that the state shall not reimburse local agencies for property tax revenues lost due to this exemption, notwithstanding Section 2229 of the Revenue and Taxation Code
  • Takes effect immediately as a tax levy but applies retroactively to the 2013-14 fiscal year lien date

Legislative Description

Property taxation: welfare exemption: course of

Last Action

In committee: Set, first hearing. Held under submission.

5/25/2012

Committee Referrals

Appropriations5/21/2012
Revenue and Taxation3/1/2012

Full Bill Text

No bill text available