Local government: redevelopment: revenues from property tax override rates.
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SB 921 — Local government: redevelopment: revenues from property tax override rates.
Last action — From committee without further action.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill died with 2013-2014 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Existing law requires, from February 1, 2012, to July 1, 2012, and for each fiscal year thereafter, the county auditor-controller, after deducting administrative costs, to allocate property tax revenues in each Redevelopment Property Tax Trust Fund first to each local agency and school entity, as provided. Existing law requires certain revenues attributable to a tax rate levied by a taxing entity for the purpose of producing revenues in an amount sufficient to make annual repayments of the principal of, and the interest on, any bonded indebtedness for the acquisition or improvement of real property to instead be allocated to, and when collected to be paid into, the fund of that taxing entity. This bill would clarify that any revenues derived from the imposition of a property tax rate, approved by the voters before January 1, 1948, to make payments in support of pension programs and levied in addition to the general property tax rate, be allocated to, and when collected be paid into, the fund of that taxing entity. This bill would declare that it is to take effect immediately as an urgency statute.
Bill Text
What changed in the latest version
1 added · 1 removed1 line(s) added, 1 removed.
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- Introduced 01/28/14 - Introduced Current pdf January 28, 2014
- SB921 View text html
Action History
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From committee without further action.
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Referred to Com. on RLS.
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From printer. May be acted upon on or after February 28.
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Introduced. Read first time. To Com. on RLS. for assignment. To print.
Sponsors
- Wright · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Wright
Co-sponsors (0)
None.
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB 921 do?
- Existing law requires, from February 1, 2012, to July 1, 2012, and for each fiscal year thereafter, the county auditor-controller, after deducting administrative costs, to allocate property tax revenues in each Redevelopment Property Tax Trust Fund first to each local agency and school entity, as provided. Existing law requires certain revenues attributable to a tax rate levied by a taxing entity for the purpose of producing revenues in an amount sufficient to make annual repayments of the principal of, and the interest on, any bonded indebtedness for the acquisition or improvement of real property to instead be allocated to, and when collected to be paid into, the fund of that taxing entity. This bill would clarify that any revenues derived from the imposition of a property tax rate, approved by the voters before January 1, 1948, to make payments in support of pension programs and levied in addition to the general property tax rate, be allocated to, and when collected be paid into, the fund of that taxing entity. This bill would declare that it is to take effect immediately as an urgency statute.
- Who sponsors SB 921?
- SB 921 is sponsored by Wright.
- What is the current status of SB 921?
- This bill died with 2013-2014 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 921?
- Track SB 921 free on One Click Politics — get push/email alerts when it moves.
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