BILL ANALYSIS                                                                                                                                                                                                    




            SENATE REVENUE & TAXATION COMMITTEE

            Senator Lois Wolk, Chair

                                                   AB 157 - Anderson

                                                 Amended: June 22, 2010

                                                                       

            Hearing: July 1, 2010      Tax Levy         Fiscal: Yes


            


            SUMMARY: Allows Counties to Extend Period for Taxpayers to  
                 Transfer Base Year Values for Disaster-Affected  
                 Property.

                 EXISTING LAW (California Constitution) required the  
            Legislature to allow taxpayers to transfer the base-year  
            value of property that is substantially damaged or  
            destroyed by a disaster, as declared by the Governor, to  
            comparable property within the same county that is acquired  
            or newly constructed as a replacement for the substantially  
            damaged or destroyed property (Proposition 50, 1986).

                 EXISTING LAW implements this constitutional  
            requirement, but limits the transfer of base-year value to  
            replacement property acquired or newly constructed within  
            the same county to five years after the disaster (to the  
            extent that the replacement property does not exceed 120%  
            of the fair market value of the old property immediately  
            prior to the disaster).  In 2006, the Legislature extended  
            the deadline from three to five years for disasters  
            occurring on or after July 1, 2003 (AB 1890, Mountjoy).   
            The deadline applies only when the taxpayer acquires a new  
            property or rebuilds in a different location than the site  
            of the disaster; taxpayers may retain the base-year  
            transfer an unlimited amount of time to retaining the  
            base-year value when rebuilding on the site of the disaster  
            because the Constitution exempts real property that is  
            reconstructed after a disaster from the definition of "new  








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            construction" requiring reassessment

                 EXISTING LAW (California Constitution) allows similar  
            treatment for taxpayers seeking to transfer their base-year  
            value to a replacement property acquired or newly  
            constructed in a different county for three years.  

                 THIS BILL allows the Board of Supervisors of any  
            county to enact an ordinance to extend the five year period  
            by two years to transfer the base year value from property  
            that is substantially damaged or destroyed by the Cedar  
            Fire that commenced in October, 2003 to a replacement  
            property in the same county.




            FISCAL EFFECT: 

                 According to the Board of Equalization (BOE), AB 157  
            results in annual property tax revenue losses of  
            approximately $10,000.




            COMMENTS:

            A.   Purpose of the Bill

                 "Assembly Bill 157 is a disaster relief bill that  
            would extend the timeframe for survivors of the devastating  
            2003 Cedar Fire to replace their fire-destroyed properties.  
             Nothing will ever be the same again for survivors of these  
            catastrophic fire events, but we can help.  The time it  
            takes to rebuild homes and lives cannot be underestimated,  
            and for many, restoration is an ongoing challenge.  Even  
            now, property owners struggle              to resolve the  
            necessary but time-consuming issues surrounding the  
            replacement of their [homes].  I introduced Assembly Bill  
            157 as a simple way to ensure a realistic timetable for  
            addressing the losses that survivors have suffered."








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            B.   It's Your Call

                 As introduced, AB 157 amended state law to extend the  
            period of time for a taxpayer to transfer their base year  
            value from a disaster-affected property to a replacement  
            property within the same county from five to seven years.   
            At the time, the Committee was concerned that the measure  
            changes state law for all taxpayers due to the adverse  
            circumstances suffered by a few taxpayers as a result of  
            the Cedar Fire in San Diego County in 2003.  As amended, AB  
            157 allows any County Board of Supervisors to extend the  
            timeline, shifting the determination from the state to  
            local agencies, who are closer to the taxpayers and  
            experienced the disaster first hand.  Additionally,  
            Counties would face a tradeoff between helping taxpayers  
            affected by disaster and the fiscal consequence of foregone  
            revenue resulting from the longer window of time.  While  
            delegating these responsibilities to county boards of  
            supervisors is unique, AB 157 no longer changes the law for  
            all taxpayers, instead granting counties the power to act  
            if they see fit.



            C.   Amendments Needed

                   On Page 6, restore the strikeouts on lines 26 and  
                 27 to ensure that a change specifically made to  
                 Section 69 in SB 824 (Committee on Revenue and  
                 Taxation, 2009) last year to treat land and  
                 improvements separately for purposes of passing the  
                 50% damage test.
                   On Page 8, Lines 7 through 16, change subdivision  
                 (f) to ensure statewide applicability whilst ensuring  
                 that victims of the Cedar Fire are eligible for the  
                 longer timeline.

                 (f) Notwithstanding any other law, the board of  
                 supervisors of any county may by ordinance extend the  








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                 time period specified in subdivision (a) to transfer  
                 the base year value of property that is substantially  
                 damaged or destroyed  a disaster   by the Cedar Fire that  
                 commenced in October 2003  , as declared by the  
                 Governor, to comparable property within the same  
                 county that is acquired or newly constructed as a  
                 replacement for the substantially damaged or destroyed  
                 property by two years.   This subdivision shall apply  
                 to eligible property damaged or destroyed by the Cedar  
                 Fire that commenced in October 2003 if an ordinance is  
                 enacted.   This subdivision shall apply   to the  
                 determination of base year values for the 2003-04  
                 fiscal year and fiscal years thereafter




            Support and Opposition

                 Support:Board of Equalization, United Policyholders,  
            Lakeside Chamber of Commerce, Neptune Society, Telophase  
            Cremation Society, Cedar Fire Rebuilding Resource Group, RB  
            United, San Diego Association of Realtors, Ramona Fire  
            Recovery Center, San Miguel Consolidated Fire Protection  
            District, La Mesa Chamber of Commerce, San Diego East  
            County Chamber of Commerce, California Association of  
            Realtors, San Diego County Board of Supervisors, (106)  
            individuals.



                 Oppose:None received.

            ---------------------------------

            Consultant: Colin Grinnell














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