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CA AB1869
Bill
Status
Introduced
2/12/2026
Primary Sponsor
Matt Haney
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AI Summary
- Clarifies that Real Estate Investment Trusts (REITs) are considered to be "managing or operating" lodging facilities when they exercise or reserve control over employee wages, hours, or working conditions
- Specifies that REIT control over operating budgets or allowances that affect employee working conditions at hotels constitutes impermissible management activity under tax law
- Designates REIT involvement in negotiating, approving, or applying collective bargaining agreements at lodging facilities as operating or managing the property
- Allows affected lodging facility employees or their representatives to submit evidence to the Franchise Tax Board showing a REIT is improperly managing operations, with confidentiality protections available
- Requires the Franchise Tax Board to confirm receipt of employee submissions and provide a written response within a specified timeframe (number of days left blank in current draft)
Legislative Description
Real Estate Investment Trusts: management duties.
Last Action
Referred to Com. on REV. & TAX.
3/16/2026
Committee Referrals
Revenue and Taxation3/16/2026
Full Bill Text
No bill text available