BILL NUMBER: AB 1966	CHAPTERED  09/12/00

	CHAPTER   406
	FILED WITH SECRETARY OF STATE   SEPTEMBER 12, 2000
	APPROVED BY GOVERNOR   SEPTEMBER 11, 2000
	PASSED THE ASSEMBLY   AUGUST 18, 2000
	PASSED THE SENATE   AUGUST 10, 2000
	AMENDED IN SENATE   JUNE 29, 2000
	AMENDED IN SENATE   JUNE 13, 2000
	AMENDED IN ASSEMBLY   MARCH 30, 2000
	AMENDED IN ASSEMBLY   MARCH 23, 2000

INTRODUCED BY   Assembly Member Wiggins

                        FEBRUARY 18, 2000

   An act to amend Section 75.5 of the Revenue and Taxation Code,
relating to taxation, to take effect immediately, tax levy.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1966, Wiggins.  Property tax:  possessory interests.
   Existing property tax law with respect to assessments on the
supplemental property tax roll generally defines the term "property"
to mean real property, and specifies certain exclusions from that
definition.
   This bill would expand those exclusions to also include newly
created taxable possessory interests, established by month-to-month
agreements in publicly owned real property, having a full cash value
of $50,000 or less.
   Section 2229 of the Revenue and Taxation Code requires the
Legislature to reimburse local agencies annually for certain property
tax revenues lost as a result of any exemption or classification of
property for purposes of ad valorem property taxation.
   This bill would provide that, notwithstanding Section 2229 of the
Revenue and Taxation Code, no appropriation is made and the state
shall not reimburse local agencies for property tax revenues lost by
them pursuant to the bill.
   This bill would take effect immediately as a tax levy.


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


  SECTION 1.  Section 75.5 of the Revenue and Taxation Code is
amended to read:
   75.5.  "Property" means and includes manufactured homes subject to
taxation under Part 13 (commencing with Section 5800) and real
property, other than the following:
   (a) Fixtures that are normally valued as a separate appraisal unit
from a structure.
   (b) Newly created taxable possessory interests, established by
month-to-month agreements in publicly owned real property, having a
full cash value of fifty thousand dollars ($50,000) or less.
  SEC. 2.  Notwithstanding Section 2229 of the Revenue and Taxation
Code, no appropriation is made by this act and the state shall not
reimburse any local agency for any property tax revenues lost by it
pursuant to this act.
  SEC. 3.  This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.