CA AB1112

Removes property tax revenues exchanged between the City of Rancho Mirage and a community services district from the list of reductions applied to Tax Equity Allocation (TEA) distributions for qualifying cities

Amends Section 98 of the Revenue and Taxation Code governing how county auditors calculate and distribute property tax revenues to qualifying cities under the TEA formula

Changes the pro rata shares of ad valorem property tax revenue allocation among local agencies, requiring a two-thirds vote of each house of the Legislature for passage

Imposes a state-mandated local program by altering the administrative duties of local officials in implementing TEA calculations

Requires state reimbursement to local agencies and school districts if the Commission on State Mandates determines the bill contains costs mandated by the state