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

It became law on Oct 8, 2023.

CA AB 556 · Assembly Bill · 2023–2024

Stage
Became law
Started in
Assembly
Sponsor
1
Latest action
Oct 8, 2023

What it does

Existing property tax law provides, pursuant to a requirement of the California Constitution, that the property tax base year value of real property that is substantially damaged or destroyed by a disaster, as declared by the Governor, may be transferred to a comparable property located within the same county that is acquired or newly constructed within 5 years after the disaster as a replacement property.

Read the full text

Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Oct 8, 2023

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Property taxation: transfer of base year value: disaster relief. | 52