Amended in Senate June 21, 2016

Amended in Senate June 15, 2016

Amended in Assembly April 19, 2016

Amended in Assembly March 18, 2016

California Legislature—2015–16 Regular Session

Assembly Bill No. 2691

Introduced by Assembly Member Holden

February 19, 2016

An act to add Section 2607.5 to the Revenue and Taxation Code, relating to taxation.

LEGISLATIVE COUNSEL’S DIGEST

AB 2691, as amended, Holden. Property taxation: Monthly Property Tax Payment Program.

Existing property tax law specifies that all taxes on personal property and half of the taxes on real property are due and payable each November 1 and provides that these taxes are delinquent if not paid by each December 10. Existing property tax law specifies that the second half of taxes on real property is due each February 1 and provides that these taxes are delinquent if not paid by each April 10.

This bill would authorize a county board of supervisors to implement a Monthly Property Tax Payment Program to authorize qualified taxpayers, as defined, to pay the property tax owed on the qualified taxpayer’s principal place of residence in monthly installments. The bill would authorize the ordinance or resolution implementing the program to set forth specific procedures for purposes of determining delinquency and default, as specified. The bill would require the monthly property tax payment to be allocated among the county, cities, begin delete and special districts end delete begin insert special districts, and school entities end insert in proportion to the amounts of ad valorem property tax revenue otherwise allocated among these begin delete local agencies. end delete begin insert entities. end insert

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 2607.5 is added to the Revenue and
Taxation Code, to read:

2607.5.  

(a) Notwithstanding any other law, a county board of
supervisors may adopt a resolution or ordinance to implement a
Monthly Property Tax Payment Program, to authorize qualified
taxpayers to pay the property tax owed on the qualified taxpayer’s
principal place of residence in monthly installments.

(b) The ordinance or resolution implementing the program may
set forth specific procedures for the tax collector to deem as timely
monthly installments paid late but within a specified grace period
due to reasonable cause for purposes of determining delinquency
and default.

(c) The monthly property tax payment shall be allocated among
the county, cities, begin delete and special districts end delete begin insert special districts, and school
entities end insert in proportion to the amounts of ad valorem property tax
revenue otherwise allocated among these begin delete local agencies. end delete begin insert entities. end insert

(d) For purposes of this section, begin delete “qualified end delete begin insert both of the following
shall apply: end insert

begin insert (1) end insert begin insert   end insert begin insert “qualified end insert taxpayers” means a taxpayer who is any or both
of the following:

begin delete

(1)

end delete

begin insert (A) end insert  A person who is 62 years of age or older.

begin delete

(2)

end delete

begin insert (B) end insert  A person receiving supplemental security income for a
disability, regardless of age.

begin insert

(2) “School entities” has the same meaning as that term is
defined in subdivision (f) of Section 95.

end insert