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CA AB1475
Bill
Status
5/23/2014
Primary Sponsor
Nancy Skinner
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AI Summary
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Extends the exclusion of active solar energy systems from property tax reassessment through the 2023-24 fiscal year (previously set to expire after 2015-16 fiscal year)
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Delays the repeal date of this exclusion from January 1, 2017 to January 1, 2025, though systems installed before the repeal date continue to receive the exclusion after subsequent ownership changes
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Appropriates $10,000 from the General Fund to the State Board of Equalization for administrative costs related to implementing this extension
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Prohibits the state from reimbursing local agencies or school districts for property tax revenues lost due to this solar energy system exclusion, notwithstanding existing reimbursement requirements
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Takes effect immediately as a budget-related bill and imposes state-mandated duties on county assessors regarding administration of the solar energy system exclusion
Legislative Description
Property taxes: new construction exclusion: active solar energy system.
Last Action
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.R.
6/15/2014