Bill Text: CA SB1327 | 2023-2024 | Regular Session | Introduced

California Senate Bill 1327

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Income taxation: credits: local news media: data extraction transactions.

Spectrum: Partisan Bill (Democrat 10-0)

Status: (Engrossed) 2024-08-12 - From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX. [SB1327 Detail]

Download: California-2023-SB1327-Introduced.html

CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Senate Bill

No. 1327

Introduced by Senator Glazer

February 16, 2024

An act to amend Section 1840 of the Revenue and Taxation Code, relating to taxation.

LEGISLATIVE COUNSEL'S DIGEST

SB 1327, as introduced, Glazer. Property taxation.

The California Constitution generally exempts real property that is owned by a local government from property taxation, but provides that real property owned by a local government that is located outside its boundaries is taxable if it was taxable when acquired. Existing law authorizes a county, city and county, or municipal corporation that owns taxable property to apply to the State Board of Equalization for a review, equalization, or adjustment of a property tax assessment relating to this publicly owned property.

This bill would make a nonsubstantive change to that provision.

Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

Section 1840 of the Revenue and Taxation Code is amended to read:

1840.

If ~~any~~ a county, city and county, or municipal corporation desires to secure a review, equalization, or adjustment of the assessment of its property by the board pursuant to subdivision (g) of Section 11 of Article XIII of the California Constitution, it shall apply to the board for that review, equalization, or adjustment in writing on or before November 30. If the assessment objected to is one made outside the regular period for those assessments, the application for review shall be filed with the board within 60 days from the date the tax bill is mailed to the assessee.

Every application shall show the facts claimed to require action of the board, and a copy of the application shall be filed with the assessor whose assessment is questioned. Upon receipt of a timely application, the board shall afford the applicant notice and a hearing in accordance with any rules and regulations as the board may prescribe. The failure to file a timely application shall bar the applicant from relief under subdivision (g) of Section 11 of Article XIII or this section.