California 2015-2016 Regular Session Status: In Committee

SB 1093 — Property taxes: assessment: commercial and industrial property.

Last action — Re-referred to Com. on GOV. & F.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property. For purposes of this limitation, "full cash value" is defined as the assessor's valuation of real property as shown on the 1975–76 tax bill under "full cash value" or, thereafter, the appraised value of that real property when purchased, newly constructed, or a change in ownership has occurred. Senate Constitutional Amendment 5 of the 2015–16 Regular Session, if approved by the voters, commencing on the lien date for the 2018–19 fiscal year, would require the full cash value of commercial and industrial property to be the fair market value of that property as of the lien date, and would require the Legislature to enact legislation to phase in the reassessment of commercial and industrial property as so described in order to ensure a reasonable workload and implementation period for county assessors and taxpayers. This bill, pursuant to that constitutional requirement, for the 2018–19 fiscal year, would require only 50% of those properties that have not been reassessed at fair market value, as specified, to be assessed at fair market value, and by the 2019–20 fiscal year, would require all other properties that have not been brought to fair market value to be assessed at fair market value. The bill would require owners of property subject to reassessment to pay only a portion, as provided, of any increase in property tax due in the first and 2nd years after initial reassessment to fair market value. This bill would take effect immediately as a tax levy, but would become operative only if SCA 5 is approved by the voters.

Bill Text

Action History

  1. Re-referred to Com. on GOV. & F.

  2. From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

  3. Referred to Com. on RLS.

  4. From printer. May be acted upon on or after March 19.

  5. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

  • Mitchell · Cosponsor
  • Hancock · Primary

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 120 not signed on

Sponsors (1)

  • Hancock

Co-sponsors (1)

  • Mitchell

Not signed on (120)

120 members have not signed on to this bill.

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"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 SB 1093 do?
The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property. For purposes of this limitation, "full cash value" is defined as the assessor's valuation of real property as shown on the 1975–76 tax bill under "full cash value" or, thereafter, the appraised value of that real property when purchased, newly constructed, or a change in ownership has occurred. Senate Constitutional Amendment 5 of the 2015–16 Regular Session, if approved by the voters, commencing on the lien date for the 2018–19 fiscal year, would require the full cash value of commercial and industrial property to be the fair market value of that property as of the lien date, and would require the Legislature to enact legislation to phase in the reassessment of commercial and industrial property as so described in order to ensure a reasonable workload and implementation period for county assessors and taxpayers. This bill, pursuant to that constitutional requirement, for the 2018–19 fiscal year, would require only 50% of those properties that have not been reassessed at fair market value, as specified, to be assessed at fair market value, and by the 2019–20 fiscal year, would require all other properties that have not been brought to fair market value to be assessed at fair market value. The bill would require owners of property subject to reassessment to pay only a portion, as provided, of any increase in property tax due in the first and 2nd years after initial reassessment to fair market value. This bill would take effect immediately as a tax levy, but would become operative only if SCA 5 is approved by the voters.
Who sponsors SB 1093?
SB 1093 is sponsored by Mitchell and Hancock.
What is the current status of SB 1093?
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 SB 1093?
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