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SR 0604 - Revenue and Taxation; prohibit the levy of state ad valorem taxes -CA

Tracking Level: Watch
Sponsor: Heath, Bill 31st
Last Action: 3/22/2016 - House Postponed
Senate Committee: FIN
House Committee: W&M

Staff Analysis of the Legislation

SUMMARY:  LC 34 4666  A proposed constitutional amendment that abolishes state ad valorem taxes on tangible property.  Not affected are ad valorem taxes on public utilities, railroad companies and airlines.

EFFECTIVE DATE:  January 1, 2017 if passed by 2/3 vote of the House and Senate and passed by the voters.

 


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text