Bill Text: CA SB874 | 2011-2012 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: School districts: community college districts: parcel
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2012-09-29 - Chaptered by Secretary of State. Chapter 791, Statutes of 2012. [SB874 Detail]
Download: California-2011-SB874-Introduced.html
Bill Title: School districts: community college districts: parcel
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2012-09-29 - Chaptered by Secretary of State. Chapter 791, Statutes of 2012. [SB874 Detail]
Download: California-2011-SB874-Introduced.html
BILL NUMBER: SB 874 INTRODUCED BILL TEXT INTRODUCED BY Senator Hancock FEBRUARY 18, 2011 An act to amend Section 60 of the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGEST SB 874, as introduced, Hancock. Property taxation: change in ownership: definition. Existing law defines, for purposes of property taxation, "change in ownership" to mean a transfer of a present interest in real property, the value of which is substantially equal to the value of the fee interest. This bill would make a technical, nonsubstantive change to that provision. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 60 of the Revenue and Taxation Code is amended to read: 60.A "change"Change in ownership" means a transfer of a present interest in real property, including the beneficial use thereof, the value of which is substantially equal to the value of the fee interest.