BILL NUMBER: SB 499	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Wyland

                        FEBRUARY 21, 2013

   An act to amend Section 103 of the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 499, as introduced, Wyland. Property taxation: property:
definition.
   Existing property tax law defines property to include all matters
and things, real, personal, and mixed, that are capable of private
ownership.
   This bill would make technical, nonsubstantive changes to this
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 103 of the Revenue and Taxation Code is amended
to read:
   103.  "Property" includes all  those  matters and things,
real, personal, and mixed,  that are  capable of private
ownership.