Bill Text: CA AB556 | 2023-2024 | Regular Session | Introduced

California Assembly Bill 556

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Property taxation: transfer of base year value: disaster relief.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2023-10-08 - Chaptered by Secretary of State - Chapter 443, Statutes of 2023. [AB556 Detail]

Download: California-2023-AB556-Introduced.html

CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Assembly Bill

No. 556

Introduced by Assembly Member Gallagher

February 08, 2023

An act to amend Section 2607 of the Revenue and Taxation Code, relating to taxation.

LEGISLATIVE COUNSEL'S DIGEST

AB 556, as introduced, Gallagher. Property taxation.

Existing property tax law authorizes the entire tax on real property to be paid when the first installment is due and payable, as provided, and authorizes the 2nd installment to be paid separately only if the first installment has been paid.

This bill would make a nonsubstantive change to those provisions.

Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

Section 2607 of the Revenue and Taxation Code is amended to read:

2607.

The entire tax on real property may be paid ~~when~~ at the time the first installment is due and payable or at any time thereafter until the properties on the current roll become tax defaulted. The second installment may be paid separately only if the first installment has been paid. The tax collector shall accept payment of current year taxes even though prior year delinquencies on the real property may exist. The acceptance of that payment shall not affect the validity of any sale in satisfaction of a lien for defaulted taxes.