Bill Text: CA SB1302 | 2009-2010 | Regular Session | Introduced

---

Bill Title: Property taxation: change in ownership: definition.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-03-04 - To Com. on RLS. [SB1302 Detail]

Download: California-2009-SB1302-Introduced.html

---

BILL NUMBER: SB 1302	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Padilla

                        FEBRUARY 19, 2010

   An act to amend Section 60 of the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1302, as introduced, Padilla. Property taxation: change in
ownership: definition.
   Existing law defines, for purposes of property taxation, "change
in ownership" to mean a transfer of a present interest in real
property, the value of which is substantially equal to the value of
the fee interest.
   This bill would make a technical, nonsubstantive change to that
provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

  SECTION 1.  Section 60 of the Revenue and Taxation Code is amended
to read:
   60.   A "change   "Change  in ownership"
means a transfer of a present interest in real property, including
the beneficial use thereof, the value of which is substantially equal
to the value of the fee interest.