Introduced
by
To eliminate the use of rental property occupancy rate increases or decreases in determining the taxable value of property. The bill is a response to a 2002 Supreme Court ruling (WPW vs. Troy) which held that the Constitutional tax cap put in place by Proposal A in 1994 capped annual increases in the assessments of commercial property whose assessment had previously been lowered because of high vacancy rates.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass..
Passed in the Senate 37 to 1 (details)
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Substitute offered
by
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Passed in the House 98 to 12 (details)
To eliminate the use of rental property occupancy rate increases or decreases in determining the taxable value of property. The bill is a response to a 2002 Supreme Court ruling (WPW vs. Troy) which held that the Constitutional tax cap put in place by Proposal A in 1994 capped annual increases in the assessments of commercial property whose assessment had previously been lowered because of high vacancy rates.
Passed in the Senate 37 to 1 (details)
