CA AB105

Classifies nonresidential active solar energy systems as personal property rather than improvements to real property for property tax purposes, effective upon passage of a November 3, 2020 statewide initiative measure on commercial property taxation.

Exempts nonresidential active solar energy systems constructed or installed before January 1, 2025, from taxation until a subsequent change in ownership occurs.

Defines change in ownership for nonresidential active solar energy systems using the same parameters as real property, including transactions that would constitute a change in ownership if the system were real property.

Provides that nonresidential active solar energy systems qualifying for exemption before January 1, 2025, continue to receive the exemption after that date until a subsequent change in ownership.

Specifies that if the November 3, 2020 initiative measure does not receive voter approval, this chapter remains inoperative and is repealed on January 1, 2021; also provides that the state shall not reimburse local agencies for property tax revenue losses resulting from the exemption.