AB 448 — Local government finance: property tax revenue allocations: vehicle license fee adjustments.

Summary

Existing property tax law requires the county auditor, in each fiscal year, to allocate property tax revenue to local jurisdictions in accordance with specified formulas and procedures, and generally provides that each jurisdiction shall be allocated an amount equal to the total of the amount of revenue allocated to that jurisdiction in the prior fiscal year, subject to certain modifications, and that jurisdiction's portion of the annual tax increment, as defined. Existing property tax law also requires that, for purposes of determining property tax revenue allocations in each county for the 1992–93 and 1993–94 fiscal years, the amounts of property tax revenue deemed allocated in the prior fiscal year to the county, cities, and special districts be reduced in accordance with certain formulas. It requires that the revenues not allocated to the county, cities, and special districts as a result of these reductions be transferred to the Educational Revenue Augmentation Fund in that county for allocation to school districts, community college districts, and the county office of education. Beginning with the 2004–05 fiscal year and for each fiscal year thereafter, existing law requires that each city, county, and city and county receive additional property tax revenues in the form of a vehicle license fee adjustment amount, as defined, from a vehicle license fee property tax compensation fund that exists in each county treasury. Existing law requires that these additional allocations be funded from ad valorem property tax revenues otherwise required to be allocated to educational entities. This bill would modify these reduction and transfer provisions, for the 2015–16 fiscal year and for each fiscal year thereafter, by providing for a vehicle license fee adjustment amount calculated on the basis of changes in assessed valuation. By imposing additional duties upon local tax officials with respect to the allocation of ad valorem property tax revenues, this bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to these statutory provisions. This bill would declare that it is to take effect immediately as an urgency statute.

Bill Text

Action History

1. August 27, 2015

   In committee: Held under submission.

2. June 29, 2015

   In committee: Referred to APPR. suspense file.

3. June 17, 2015

   From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 17). Re-referred to Com. on APPR.

4. June 11, 2015

   Referred to Com. on GOV. & F.

5. June 02, 2015

   In Senate. Read first time. To Com. on RLS. for assignment.

6. June 02, 2015

   Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1769.).

7. May 28, 2015

   Read second time. Ordered to third reading.

8. May 28, 2015

   From committee: Do pass. (Ayes 17. Noes 0.) (May 28).

9. April 22, 2015

   In committee: Set, first hearing. Referred to APPR. suspense file.

10. April 16, 2015

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 15). Re-referred to Com. on APPR.

11. March 05, 2015

    Referred to Com. on L. GOV.

12. February 24, 2015

    From printer. May be heard in committee March 26.

13. February 23, 2015

    Read first time. To print.

Sponsors

• Brown · Primary
• Leyva · Cosponsor

Votes

Subjects