BILL NUMBER: AB 1645	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Alejo

                        FEBRUARY 11, 2014

   An act to amend Section 2188.3 of the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1645, as introduced, Alejo. Property taxation: condominiums:
assessment.
   Existing property tax law requires real property to be assessed in
a specified manner when it has been divided into condominiums, as
defined.
   This bill would make technical, nonsubstantive changes to that
provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

  SECTION 1.  Section 2188.3 of the Revenue and Taxation Code is
amended to read:
   2188.3.  Whenever real property has been divided into
condominiums, as defined in Section 783 of the Civil Code, 
(a)     each   both of
the following shall apply: 
    (a)     Each  condominium owned in fee
shall be separately assessed to the owner thereof, and the tax on
each  such  condominium shall constitute a lien
solely thereon  ; (b)    
each   . 
    (b)     Each  condominium not owned in
fee shall be separately assessed, as if it were owned in fee, to the
owner of the condominium or the owner of the fee or both (and the
tax on each  such  condominium shall be a lien
solely on the interest of the owner of the fee in the real property
included in  such   the  condominium and on
 such   the  condominium), if so agreed by
the assessor in a writing of record;  such an  
the  agreement shall be binding upon  such 
 the  assessor and his  or her  successors in
office with respect to  such   the  project
so long as it continues to be divided into condominiums in the same
manner as that in effect when the agreement was made.