CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 1577Introduced by Assembly Member GipsonFebruary 17, 2017 An act to amend Section 11 of the Education Code, relating to elementary and secondary education. LEGISLATIVE COUNSEL'S DIGESTAB 1577, as introduced, Gipson. Elementary and secondary education.Existing law defines the term assessed value for purposes of the Education Code.This bill would make nonsubstantive changes to this provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 11 of the Education Code is amended to read:11. (a) For purposes of this code, assessed value means 25 percent of full value to, and including, the 198081 fiscal year, and 100 percent of full value for the 198182 fiscal year and fiscal years thereafter; and, tax thereafter. Tax rates shall be expressed in dollars, or fractions thereof, of dollars, on each one hundred dollars ($100) of assessed value to, and including, the 198081 fiscal year and as a percentage of full value for the 198182 fiscal year and fiscal years thereafter.(b) Whenever this code requires comparison of assessed values, tax rates rates, or property tax revenues for different years, the assessment ratios and tax rates shall be adjusted as necessary so that the comparisons are made on the same basis, and the same amount of tax revenues would be produced, or the same relative value of an exemption or subvention will be realized realized, regardless of the method of expressing tax rates or the assessment ratio utilized.(c) For purposes of expressing tax rates on the same basis, a tax rate based on a 25 percent assessment ratio and expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value may be multiplied by a conversion factor of twenty-five hundredths of 1 percent to determine a rate comparable to a rate expressed as a percentage of full value; and, a value. A rate expressed as a percentage of full value may be multiplied by a factor of 400 to determine a rate comparable to a rate expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value and based on a 25 percent assessment ratio.
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 1577Introduced by Assembly Member GipsonFebruary 17, 2017 An act to amend Section 11 of the Education Code, relating to elementary and secondary education. LEGISLATIVE COUNSEL'S DIGESTAB 1577, as introduced, Gipson. Elementary and secondary education.Existing law defines the term assessed value for purposes of the Education Code.This bill would make nonsubstantive changes to this provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Assembly Bill No. 1577
Introduced by Assembly Member GipsonFebruary 17, 2017
Introduced by Assembly Member Gipson
February 17, 2017
An act to amend Section 11 of the Education Code, relating to elementary and secondary education.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 1577, as introduced, Gipson. Elementary and secondary education.
Existing law defines the term assessed value for purposes of the Education Code.This bill would make nonsubstantive changes to this provision.
Existing law defines the term assessed value for purposes of the Education Code.
This bill would make nonsubstantive changes to this provision.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 11 of the Education Code is amended to read:11. (a) For purposes of this code, assessed value means 25 percent of full value to, and including, the 198081 fiscal year, and 100 percent of full value for the 198182 fiscal year and fiscal years thereafter; and, tax thereafter. Tax rates shall be expressed in dollars, or fractions thereof, of dollars, on each one hundred dollars ($100) of assessed value to, and including, the 198081 fiscal year and as a percentage of full value for the 198182 fiscal year and fiscal years thereafter.(b) Whenever this code requires comparison of assessed values, tax rates rates, or property tax revenues for different years, the assessment ratios and tax rates shall be adjusted as necessary so that the comparisons are made on the same basis, and the same amount of tax revenues would be produced, or the same relative value of an exemption or subvention will be realized realized, regardless of the method of expressing tax rates or the assessment ratio utilized.(c) For purposes of expressing tax rates on the same basis, a tax rate based on a 25 percent assessment ratio and expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value may be multiplied by a conversion factor of twenty-five hundredths of 1 percent to determine a rate comparable to a rate expressed as a percentage of full value; and, a value. A rate expressed as a percentage of full value may be multiplied by a factor of 400 to determine a rate comparable to a rate expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value and based on a 25 percent assessment ratio.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 11 of the Education Code is amended to read:11. (a) For purposes of this code, assessed value means 25 percent of full value to, and including, the 198081 fiscal year, and 100 percent of full value for the 198182 fiscal year and fiscal years thereafter; and, tax thereafter. Tax rates shall be expressed in dollars, or fractions thereof, of dollars, on each one hundred dollars ($100) of assessed value to, and including, the 198081 fiscal year and as a percentage of full value for the 198182 fiscal year and fiscal years thereafter.(b) Whenever this code requires comparison of assessed values, tax rates rates, or property tax revenues for different years, the assessment ratios and tax rates shall be adjusted as necessary so that the comparisons are made on the same basis, and the same amount of tax revenues would be produced, or the same relative value of an exemption or subvention will be realized realized, regardless of the method of expressing tax rates or the assessment ratio utilized.(c) For purposes of expressing tax rates on the same basis, a tax rate based on a 25 percent assessment ratio and expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value may be multiplied by a conversion factor of twenty-five hundredths of 1 percent to determine a rate comparable to a rate expressed as a percentage of full value; and, a value. A rate expressed as a percentage of full value may be multiplied by a factor of 400 to determine a rate comparable to a rate expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value and based on a 25 percent assessment ratio.
SECTION 1. Section 11 of the Education Code is amended to read:
### SECTION 1.
11. (a) For purposes of this code, assessed value means 25 percent of full value to, and including, the 198081 fiscal year, and 100 percent of full value for the 198182 fiscal year and fiscal years thereafter; and, tax thereafter. Tax rates shall be expressed in dollars, or fractions thereof, of dollars, on each one hundred dollars ($100) of assessed value to, and including, the 198081 fiscal year and as a percentage of full value for the 198182 fiscal year and fiscal years thereafter.(b) Whenever this code requires comparison of assessed values, tax rates rates, or property tax revenues for different years, the assessment ratios and tax rates shall be adjusted as necessary so that the comparisons are made on the same basis, and the same amount of tax revenues would be produced, or the same relative value of an exemption or subvention will be realized realized, regardless of the method of expressing tax rates or the assessment ratio utilized.(c) For purposes of expressing tax rates on the same basis, a tax rate based on a 25 percent assessment ratio and expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value may be multiplied by a conversion factor of twenty-five hundredths of 1 percent to determine a rate comparable to a rate expressed as a percentage of full value; and, a value. A rate expressed as a percentage of full value may be multiplied by a factor of 400 to determine a rate comparable to a rate expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value and based on a 25 percent assessment ratio.
11. (a) For purposes of this code, assessed value means 25 percent of full value to, and including, the 198081 fiscal year, and 100 percent of full value for the 198182 fiscal year and fiscal years thereafter; and, tax thereafter. Tax rates shall be expressed in dollars, or fractions thereof, of dollars, on each one hundred dollars ($100) of assessed value to, and including, the 198081 fiscal year and as a percentage of full value for the 198182 fiscal year and fiscal years thereafter.(b) Whenever this code requires comparison of assessed values, tax rates rates, or property tax revenues for different years, the assessment ratios and tax rates shall be adjusted as necessary so that the comparisons are made on the same basis, and the same amount of tax revenues would be produced, or the same relative value of an exemption or subvention will be realized realized, regardless of the method of expressing tax rates or the assessment ratio utilized.(c) For purposes of expressing tax rates on the same basis, a tax rate based on a 25 percent assessment ratio and expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value may be multiplied by a conversion factor of twenty-five hundredths of 1 percent to determine a rate comparable to a rate expressed as a percentage of full value; and, a value. A rate expressed as a percentage of full value may be multiplied by a factor of 400 to determine a rate comparable to a rate expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value and based on a 25 percent assessment ratio.
11. (a) For purposes of this code, assessed value means 25 percent of full value to, and including, the 198081 fiscal year, and 100 percent of full value for the 198182 fiscal year and fiscal years thereafter; and, tax thereafter. Tax rates shall be expressed in dollars, or fractions thereof, of dollars, on each one hundred dollars ($100) of assessed value to, and including, the 198081 fiscal year and as a percentage of full value for the 198182 fiscal year and fiscal years thereafter.(b) Whenever this code requires comparison of assessed values, tax rates rates, or property tax revenues for different years, the assessment ratios and tax rates shall be adjusted as necessary so that the comparisons are made on the same basis, and the same amount of tax revenues would be produced, or the same relative value of an exemption or subvention will be realized realized, regardless of the method of expressing tax rates or the assessment ratio utilized.(c) For purposes of expressing tax rates on the same basis, a tax rate based on a 25 percent assessment ratio and expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value may be multiplied by a conversion factor of twenty-five hundredths of 1 percent to determine a rate comparable to a rate expressed as a percentage of full value; and, a value. A rate expressed as a percentage of full value may be multiplied by a factor of 400 to determine a rate comparable to a rate expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value and based on a 25 percent assessment ratio.
11. (a) For purposes of this code, assessed value means 25 percent of full value to, and including, the 198081 fiscal year, and 100 percent of full value for the 198182 fiscal year and fiscal years thereafter; and, tax thereafter. Tax rates shall be expressed in dollars, or fractions thereof, of dollars, on each one hundred dollars ($100) of assessed value to, and including, the 198081 fiscal year and as a percentage of full value for the 198182 fiscal year and fiscal years thereafter.
(b) Whenever this code requires comparison of assessed values, tax rates rates, or property tax revenues for different years, the assessment ratios and tax rates shall be adjusted as necessary so that the comparisons are made on the same basis, and the same amount of tax revenues would be produced, or the same relative value of an exemption or subvention will be realized realized, regardless of the method of expressing tax rates or the assessment ratio utilized.
(c) For purposes of expressing tax rates on the same basis, a tax rate based on a 25 percent assessment ratio and expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value may be multiplied by a conversion factor of twenty-five hundredths of 1 percent to determine a rate comparable to a rate expressed as a percentage of full value; and, a value. A rate expressed as a percentage of full value may be multiplied by a factor of 400 to determine a rate comparable to a rate expressed in dollars, or fractions thereof, of dollars, for each one hundred dollars ($100) of assessed value and based on a 25 percent assessment ratio.