BILL ANALYSIS                                                                                                                                                                                                    Ó



                                                                     SB 803  


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          Date of Hearing:  August 26, 2015


                        ASSEMBLY COMMITTEE ON APPROPRIATIONS


                                 Jimmy Gomez, Chair


          SB 803  
          (Committee on Governance and Finance) - As Amended July 15, 2015


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          |Policy       |Revenue and Taxation           |Vote:|8 - 0        |
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          Urgency:  No  State Mandated Local Program:  YesReimbursable:   
          Yes


          SUMMARY:


          This bill makes several minor, technical, and noncontroversial  
          changes to property tax law to improve property tax  
          administration and respond to recent litigation.


          FISCAL EFFECT:


          Minor and absorbable administrative costs to the Board of  
          Equalization (BOE); no significant impact to state or local  
          revenues.








                                                                     SB 803  


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          COMMENTS:


          Purpose.  BOE, the sponsor of this bill, asserts this bill is  
          designed to:


          1)Replace the possessory interest valuation methodology for  
            state retirement system-owned property, which a court ruled  
            unconstitutional, with a reference to the pre-existing  
            regulation;


          2)Clarify that tax collectors may begin accepting property tax  
            payments beginning November 1 each year, even if the county  
            fails to post notice by that date indicating taxpayers may  
            begin remitting payments;


          3)Clarify the intent of existing law that the exemption from new  
            base year valuations for transfers from parents to children  
            shall also apply to transfers of ownership interests in  
            manufactured home parks or floating home marinas when the  
            properties are owned in the name of a legal entity;


          4)Clarify the parent-child exemption from base year  
            reassessments for property transfers also applies to property  
            the parent receives to replace property seized via eminent  
            domain;


          5)Provide an additional year to challenge tax sales in court  
            when the challenge is initiated one year after rejection of a  
            petition to the county board of supervisors to rescind the  
            sale;









                                                                     SB 803  


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          6)Correct improper statutory references related to Williamson  
            Act assessments; and


          7)Extend for five years the assessment valuation methodology for  
            inter-county pipeline rights-of-way, which will otherwise  
            sunset in 2016.





          Analysis Prepared by:Joel Tashjian / APPR. / (916)  
          319-2081