SB 2 Summary

• Expands property tax exemption for veterans' organizations chartered by Congress to include use of property for fraternal, lodge, and social club purposes, declaring such uses are central to the organizations' exempt charitable purposes.

• Excludes bar areas where alcoholic beverages are primarily prepared and served from the veterans' organization exemption; the ineligible portion is limited to that specific area.

• Requires organizations claiming the exemption to file a valid organizational clearance certificate with the assessor.

• Prohibits state reimbursement to local agencies for property tax revenue losses resulting from this exemption, notwithstanding existing law requiring such reimbursement.

• Takes effect immediately as a tax levy.