CA SB1152

Exempts property owned by veterans' organizations chartered by Congress from taxation if used exclusively for charitable purposes and not operated for profit.

Prohibits denial of the exemption based on property use for fraternal, lodge, or social club purposes, finding such uses are central to veterans' organizations' exempt charitable activities.

Excludes from exemption any portion of property consisting of a bar where alcoholic beverages are served, with ineligibility limited to areas used primarily to prepare and serve alcohol.

Requires organizations claiming the exemption to file a valid organizational clearance certificate with the assessor pursuant to Section 254.6.

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.