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| Authors | Valladares | ||||||||||||||||||||||||
| Subject | Property taxation: exemptions: Chiquita Canyon elevated temperature landfill event. | ||||||||||||||||||||||||
| Relating To | relating to taxation, to take effect immediately, tax levy. | ||||||||||||||||||||||||
| Title | An act to add Section 243 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. | ||||||||||||||||||||||||
| Last Action Dt | 2025-06-16 | ||||||||||||||||||||||||
| State | Amended Senate | ||||||||||||||||||||||||
| Status | Died | ||||||||||||||||||||||||
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| Analyses | TBD | ||||||||||||||||||||||||
| Latest Text | Bill Full Text | ||||||||||||||||||||||||
| Latest Text Digest |
The California Constitution declares that all property is taxable and establishes or authorizes various exemptions from tax for real property, including, among others, a homeowners’ exemption in the amount of $7,000 of the full value of a dwelling unless the dwelling receives another real property exemption. Existing law requires the state to reimburse local agencies annually for certain property tax revenues lost as a result of any exemption or classification of property for purposes of ad valorem property taxation. This bill would provide that, notwithstanding those provisions, no appropriation is made and the state shall not reimburse local agencies for property tax revenues lost by them pursuant to the bill. This bill would take effect immediately as a tax levy. |