Property taxes: TEA formula allocation: maintenance or improvement districts: City of Simi Valley.
It became law on Sep 26, 2011.
- Stage
- Became law
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Sep 26, 2011
What it does
Existing property tax law requires the auditor of each county with qualifying cities, as defined, to make certain property tax revenue allocations to those cities in accordance with an established Tax Equity Allocation (TEA) formula and to make corresponding reductions in the amount of property tax revenue that is allocated to the county, as specified.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
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.