BILL NUMBER: SB 1093	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Hancock
   (Principal coauthor: Senator Mitchell)

                        FEBRUARY 17, 2016

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1093, as introduced, Hancock. Property taxes: assessment:
commercial and industrial property.
   The California Constitution generally limits ad valorem taxes on
real property to 1% of the full cash value of that property. For
purposes of this limitation, "full cash value" is defined as the
assessor's valuation of real property as shown on the 1975-76 tax
bill under "full cash value" or, thereafter, the appraised value of
that real property when purchased, newly constructed, or a change in
ownership has occurred.
   This bill would state the intent of the Legislature to enact
legislation necessary to implement the transition to the assessment
of commercial and industrial property on a periodic basis as would be
provided pursuant to Senate Constitutional Amendment 5 of the
2015-16 Regular Session, as provided.
   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.  It is the intent of the Legislature to enact
legislation necessary to implement the transition to the assessment
of commercial and industrial property on a periodic basis as would be
provided pursuant to Senate Constitutional Amendment 5 of the
2015-16 Regular Session, so as to ensure that the owners of those
properties pay their fair share of property taxes for local education
and other community services.