BILL NUMBER: AB 2725INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Nestande FEBRUARY 19, 2010 An act to amend Section 103 of the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGEST AB 2725, as introduced, Nestande. Property taxation. Existing property tax law defines property to include all matters and things, real, personal, and mixed, that are capable of private ownership. This bill would make technical, nonsubstantive changes to this 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 103 of the Revenue and Taxation Code is amended to read: 103. "Property" includes all matters and all things, real, personal, and mixed, that are capable of private ownership.