Bill Text: CA AB2691 | 2015-2016 | Regular Session | Enrolled

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Bill Title: Property taxation: Monthly Property Tax Payment Program.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Vetoed) 2016-09-23 - Vetoed by Governor. [AB2691 Detail]

Download: California-2015-AB2691-Enrolled.html

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BILL NUMBER: AB 2691	ENROLLED
	BILL TEXT

	PASSED THE SENATE  AUGUST 15, 2016
	PASSED THE ASSEMBLY  AUGUST 22, 2016
	AMENDED IN SENATE  AUGUST 1, 2016
	AMENDED IN SENATE  JUNE 21, 2016
	AMENDED IN SENATE  JUNE 15, 2016
	AMENDED IN ASSEMBLY  APRIL 19, 2016
	AMENDED IN ASSEMBLY  MARCH 18, 2016

INTRODUCED BY   Assembly Member Holden

                        FEBRUARY 19, 2016

   An act to add Section 2607.5 to the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2691, Holden. Property taxation: Monthly Property Tax Payment
Program.
   Existing property tax law specifies that all taxes on personal
property and half of the taxes on real property are due and payable
each November 1 and provides that these taxes are delinquent if not
paid by each December 10. Existing property tax law specifies that
the second half of taxes on real property is due each February 1 and
provides that these taxes are delinquent if not paid by each April
10.
   This bill would authorize a county board of supervisors to
implement a Monthly Property Tax Payment Program to authorize
qualified taxpayers, as defined, to pay the property tax owed on the
qualified taxpayer's principal place of residence in monthly
installments. The bill would authorize the ordinance or resolution
implementing the program to set forth specific procedures for
purposes of determining delinquency and default, as specified. The
bill would require the monthly property tax payment to be allocated
among the county, cities, special districts, and school entities in
proportion to the amounts of ad valorem property tax revenue
otherwise allocated among these entities. The bill would exclude from
its provisions property for which an escrow account is established,
as provided.



THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 2607.5 is added to the Revenue and Taxation
Code, to read:
   2607.5.  (a) Notwithstanding any other law, a county board of
supervisors may adopt a resolution or ordinance to implement a
Monthly Property Tax Payment Program, to authorize qualified
taxpayers to pay the property tax owed on the qualified taxpayer's
principal place of residence in monthly installments.
   (b) The ordinance or resolution implementing the program may set
forth specific procedures for the tax collector to deem as timely
monthly installments paid late but within a specified grace period
due to reasonable cause for purposes of determining delinquency and
default.
   (c) The monthly property tax payment shall be allocated among the
county, cities, special districts, and school entities in proportion
to the amounts of ad valorem property tax revenue otherwise allocated
among these entities.
   (d) For purposes of this section, both of the following shall
apply:
   (1) "Qualified taxpayer" means a taxpayer who is either or both of
the following:
   (A) A person who is 62 years of age or older.
   (B) A person receiving supplemental security income for a
disability, regardless of age.
   (2) "School entities" has the same meaning as that term is defined
in subdivision (f) of Section 95.
   (e) This section shall not apply to property for which an escrow
account, as defined in Section 1024.17 of Title 12 of the Code of
Federal Regulations, is established.