BILL NUMBER: AB 3035	CHAPTERED  07/22/08

	CHAPTER  201
	FILED WITH SECRETARY OF STATE  JULY 22, 2008
	APPROVED BY GOVERNOR  JULY 22, 2008
	PASSED THE SENATE  JULY 2, 2008
	PASSED THE ASSEMBLY  MAY 5, 2008

INTRODUCED BY   Assembly Member Huffman

                        FEBRUARY 22, 2008

   An act to add Section 75.24 to the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 3035, Huffman. Property taxation: exemptions: supplemental
assessment.
   Existing law exempts from property taxation specified types of
property or property owned by specified taxpayers. Existing law
specifies that a property tax exemption applies to a supplemental
assessment if the person claiming the exemption meets the
qualifications for the exemption, as specified, no later than 90 days
after the date the new construction or change in ownership occurred.

   This bill would extend the time that a qualified organization, as
defined, is required to meet the qualifications for the exemption
from 90 days to 180 days.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 75.24 is added to the Revenue and Taxation
Code, to read:
   75.24.  (a) Notwithstanding Section 75.22, a property shall be
eligible for exemption from the supplemental assessment if the
organization claiming the exemption is a qualified organization and
meets the qualifications for the exemption established by this part
no later than 180 days after the date of the change in ownership or
the completion of new construction.
   (b) For purposes of this section, "qualified organization" means
an organization that qualifies as an exempt organization under
Section 501(c)(3) of the Internal Revenue Code.