Bill Text: CA AB528 | 2021-2022 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Property taxation: tax-defaulted property: sales to nonprofits.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2022-02-01 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB528 Detail]

Download: California-2021-AB528-Introduced.html

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CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Assembly Bill

No. 528

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Introduced by Assembly Member Wicks

February 10, 2021

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An act to amend Section 3776 of the Revenue and Taxation Code, relating to taxation.

LEGISLATIVE COUNSEL'S DIGEST

AB 528, as introduced, Wicks. Property taxation: tax certificates: sale to taxing agencies.

Existing property tax law prohibits a parcel for which a tax certificate has been sold and not canceled from being sold or deeded to any taxing agency unless the taxing agency deposits into the applicable tax certificate redemption fund the total amount required to be paid to the holder of the tax certificate, as provided.

This bill would make nonsubstantive changes to this provision.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 3776 of the Revenue and Taxation Code is amended to read:

3776.

 Notwithstanding anything to the contrary, no a parcel for which a tax certificate has been sold and not canceled shall not be sold or deeded to any taxing agency unless the taxing agency deposits into the applicable tax certificate redemption fund, held by the tax collector, the total amount required to be paid to the holder of the tax certificate pursuant to Section 4527.