AB 476 is sponsored by Achadjian, Brough, Jones, Chang, Chávez, Gallagher, James (Republican), Grove, Shannon (Republican), Harper, Kim, Lackey, Tom (Republican), Linder, Mayes, Melendez, Morrell, Nielsen, Olsen, Steinorth, Vidak, Waldron, Wilk, Patterson, Joe (Republican), Nguyen, Stephanie (Democratic), and Travis Allen.

Where can I track AB 476?

Track AB 476 free on One Click Politics — get push/email alerts when it moves.

California 2015-2016 Regular Session Status: In Committee Bipartisan · 4 R · 1 D cosponsors

AB 476 — Taxation: homeowners' exemption and renters' credit.

Last action February 01, 2016 — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

✓
Introduced
2
In Committee
3
Passed Assembly
4
Passed Senate
5
To Executive
6
Enacted

This bill died with 2015-2016 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 property tax law provides, pursuant to the authority of a specified provision of the California Constitution, for a homeowners' exemption in the amount of $7,000 of the full value of a "dwelling," as defined, and authorizes the Legislature to increase this exemption. This bill, beginning with the lien date for the 2016â€“17 fiscal year, would increase the homeowners' exemption from $7,000 to $25,000 of the full value of a dwelling. This bill would also require, for the 2017â€“18 fiscal year and for each fiscal year thereafter, the county assessor to adjust the amount of the homeowners' exemption by the percentage change in the House Price Index for California for the first 3 quarters of the prior calendar year, as specified. The California Constitution requires the Legislature, whenever it increases the homeowners' property tax exemption, to provide a comparable increase in benefits to qualified renters. The Personal Income Tax Law authorizes various credits against the taxes imposed by that law, including a credit for qualified renters in the amount of $120 for married couples filing joint returns, heads of household, and surviving spouses if adjusted gross income is $50,000 or less, and in the amount of $60 for other individuals if adjusted gross income is $25,000 or less. Existing law requires the Franchise Tax Board to annually adjust for inflation these adjusted gross income amounts. This bill would, for taxable years beginning on and after January 1, 2016, increase this credit for a qualified renter to $428 for married couples filing joint returns, heads of household, and surviving spouses if adjusted gross income is $50,000 or less, as adjusted for inflation, and to an amount equal to $214 for other individuals if adjusted gross income is $25,000 or less, as adjusted for inflation. The bill would also require, for taxable years beginning on or after January 1, 2017, the Franchise Tax Board to annually adjust for inflation, based upon the California Consumer Price Index, the amount of these credits. The bill would also make technical, nonsubstantive changes to the renters' credit. The California Constitution requires the Legislature, in each fiscal year, to reimburse local governments for the revenue losses incurred by those governments in that fiscal year as a result of the homeowners' property tax exemption. 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 take effect immediately as a tax levy.

Bill Text

Amended 03/25/15 - Amended Assembly Current pdf March 25, 2015
Amended 03/19/15 - Amended Assembly pdf March 19, 2015
Introduced 02/23/15 - Introduced pdf February 23, 2015
AB476 View text html

Action History

February 01, 2016
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
January 31, 2016
Died pursuant to Article IV, Sec. 10(c) of the Constitution.
May 18, 2015
Retained in suspense file.
May 11, 2015
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
March 26, 2015
Re-referred to Com. on REV. & TAX.
March 25, 2015
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
March 23, 2015
Re-referred to Com. on REV. & TAX.
March 19, 2015
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
March 05, 2015
Referred to Com. on REV. & TAX.
February 24, 2015
From printer. May be heard in committee March 26.
February 23, 2015
Read first time. To print.

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 22 co-sponsors · 99 not signed on

Sponsors (1)

Chang

Not signed on (99)

99 members have not signed on to this bill.

Show all 99 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation

Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does AB 476 do?: Existing property tax law provides, pursuant to the authority of a specified provision of the California Constitution, for a homeowners' exemption in the amount of $7,000 of the full value of a "dwelling," as defined, and authorizes the Legislature to increase this exemption. This bill, beginning with the lien date for the 2016â€“17 fiscal year, would increase the homeowners' exemption from $7,000 to $25,000 of the full value of a dwelling. This bill would also require, for the 2017â€“18 fiscal year and for each fiscal year thereafter, the county assessor to adjust the amount of the homeowners' exemption by the percentage change in the House Price Index for California for the first 3 quarters of the prior calendar year, as specified. The California Constitution requires the Legislature, whenever it increases the homeowners' property tax exemption, to provide a comparable increase in benefits to qualified renters. The Personal Income Tax Law authorizes various credits against the taxes imposed by that law, including a credit for qualified renters in the amount of $120 for married couples filing joint returns, heads of household, and surviving spouses if adjusted gross income is $50,000 or less, and in the amount of $60 for other individuals if adjusted gross income is $25,000 or less. Existing law requires the Franchise Tax Board to annually adjust for inflation these adjusted gross income amounts. This bill would, for taxable years beginning on and after January 1, 2016, increase this credit for a qualified renter to $428 for married couples filing joint returns, heads of household, and surviving spouses if adjusted gross income is $50,000 or less, as adjusted for inflation, and to an amount equal to $214 for other individuals if adjusted gross income is $25,000 or less, as adjusted for inflation. The bill would also require, for taxable years beginning on or after January 1, 2017, the Franchise Tax Board to annually adjust for inflation, based upon the California Consumer Price Index, the amount of these credits. The bill would also make technical, nonsubstantive changes to the renters' credit. The California Constitution requires the Legislature, in each fiscal year, to reimburse local governments for the revenue losses incurred by those governments in that fiscal year as a result of the homeowners' property tax exemption. 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 take effect immediately as a tax levy.
Who sponsors AB 476?: AB 476 is sponsored by Achadjian, Brough, Jones, Chang, Chávez, Gallagher, James (Republican), Grove, Shannon (Republican), Harper, Kim, Lackey, Tom (Republican), Linder, Mayes, Melendez, Morrell, Nielsen, Olsen, Steinorth, Vidak, Waldron, Wilk, Patterson, Joe (Republican), Nguyen, Stephanie (Democratic), and Travis Allen.
What is the current status of AB 476?: This bill died with 2015-2016 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 AB 476?: Track AB 476 free on One Click Politics — get push/email alerts when it moves.

Keep track of this bill

Add this bill to your alerts and we'll email you when it moves — or keep it on a watchlist and see it in your weekly digest.

Create a free account →

At a glance

Identifier: AB 476
Jurisdiction: California
Session: 2015-2016 Regular Session
Type: Bill
Introduced: February 23, 2015
Status: In Committee
Prime sponsor: Chang

Make your voice heard on AB 476

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of AB 476

Last checked for changes 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →