CA AB1206

Extends welfare property tax exemption for community land trusts leasing property to lower-income households from fiscal years 2022-23 through 2027-28, allowing units to retain exemption status if occupants exceed 140% of area median income but remain rent-restricted.

Requires welfare exemption claims for low-income housing tax credit properties and community land trusts to be accompanied by confidential affidavits listing unit numbers and nonpersonally identifiable occupant income and rent information.

Establishes legislative performance indicators and data collection requirements for evaluating the tax exemption's effectiveness, including number of properties claiming exemption, housing units involved, and assessed values.

Exempts the state from reimbursing local agencies for property tax revenue losses resulting from the expanded exemption.

Takes effect immediately as a tax levy.