CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 3168Introduced by Assembly Member GipsonFebruary 16, 2024 An act to amend Section 107.10 of the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGESTAB 3168, as introduced, Gipson. Property taxation: possessory interests: publicly owned housing project.Existing property tax law requires that all property subject to tax be assessed at its full cash value, and includes certain possessory interests among those property interests that are subject to tax. Existing property tax law defines a taxable possessory interest to be a use that is independent, durable, and exclusive. Existing property tax law specifies that, for purposes of the definition of a taxable possessory interest, there is no independent possession or use of land or improvements if that possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as specified.This bill would make a nonsubstantive change to the provision relating to publicly owned housing projects.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 107.10 of the Revenue and Taxation Code is amended to read:107.10. For purposes of paragraph (1) of subdivision (a) of Section 107, there is no independent possession or use of land or improvements if that the possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as defined by Section 50079.5 of the Health and Safety Code, rented at affordable rents as described in Section 50053 of the Health and Safety Code.
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 3168Introduced by Assembly Member GipsonFebruary 16, 2024 An act to amend Section 107.10 of the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGESTAB 3168, as introduced, Gipson. Property taxation: possessory interests: publicly owned housing project.Existing property tax law requires that all property subject to tax be assessed at its full cash value, and includes certain possessory interests among those property interests that are subject to tax. Existing property tax law defines a taxable possessory interest to be a use that is independent, durable, and exclusive. Existing property tax law specifies that, for purposes of the definition of a taxable possessory interest, there is no independent possession or use of land or improvements if that possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as specified.This bill would make a nonsubstantive change to the provision relating to publicly owned housing projects.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
Assembly Bill
No. 3168
Introduced by Assembly Member GipsonFebruary 16, 2024
Introduced by Assembly Member Gipson
February 16, 2024
An act to amend Section 107.10 of the Revenue and Taxation Code, relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 3168, as introduced, Gipson. Property taxation: possessory interests: publicly owned housing project.
Existing property tax law requires that all property subject to tax be assessed at its full cash value, and includes certain possessory interests among those property interests that are subject to tax. Existing property tax law defines a taxable possessory interest to be a use that is independent, durable, and exclusive. Existing property tax law specifies that, for purposes of the definition of a taxable possessory interest, there is no independent possession or use of land or improvements if that possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as specified.This bill would make a nonsubstantive change to the provision relating to publicly owned housing projects.
Existing property tax law requires that all property subject to tax be assessed at its full cash value, and includes certain possessory interests among those property interests that are subject to tax. Existing property tax law defines a taxable possessory interest to be a use that is independent, durable, and exclusive. Existing property tax law specifies that, for purposes of the definition of a taxable possessory interest, there is no independent possession or use of land or improvements if that possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as specified.
This bill would make a nonsubstantive change to the provision relating to publicly owned housing projects.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 107.10 of the Revenue and Taxation Code is amended to read:107.10. For purposes of paragraph (1) of subdivision (a) of Section 107, there is no independent possession or use of land or improvements if that the possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as defined by Section 50079.5 of the Health and Safety Code, rented at affordable rents as described in Section 50053 of the Health and Safety Code.
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 107.10 of the Revenue and Taxation Code is amended to read:107.10. For purposes of paragraph (1) of subdivision (a) of Section 107, there is no independent possession or use of land or improvements if that the possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as defined by Section 50079.5 of the Health and Safety Code, rented at affordable rents as described in Section 50053 of the Health and Safety Code.
SECTION 1. Section 107.10 of the Revenue and Taxation Code is amended to read:
### SECTION 1.
107.10. For purposes of paragraph (1) of subdivision (a) of Section 107, there is no independent possession or use of land or improvements if that the possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as defined by Section 50079.5 of the Health and Safety Code, rented at affordable rents as described in Section 50053 of the Health and Safety Code.
107.10. For purposes of paragraph (1) of subdivision (a) of Section 107, there is no independent possession or use of land or improvements if that the possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as defined by Section 50079.5 of the Health and Safety Code, rented at affordable rents as described in Section 50053 of the Health and Safety Code.
107.10. For purposes of paragraph (1) of subdivision (a) of Section 107, there is no independent possession or use of land or improvements if that the possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as defined by Section 50079.5 of the Health and Safety Code, rented at affordable rents as described in Section 50053 of the Health and Safety Code.
107.10. For purposes of paragraph (1) of subdivision (a) of Section 107, there is no independent possession or use of land or improvements if that the possession or use is a tenancy in a residential unit of a publicly owned housing project by a low-income household, as defined by Section 50079.5 of the Health and Safety Code, rented at affordable rents as described in Section 50053 of the Health and Safety Code.