Bill Title: Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced) 2024-05-07 - REPORTED AND COMMITTED TO FINANCE [S08994 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Nathalia Fernandez [D]	Primary	Sponsored Bills	SD-034	FollowTheMoney	Ballotpedia	VoteSmart
Senator Robert Jackson [D]	Cosponsor	Sponsored Bills	SD-031	FollowTheMoney	Ballotpedia	VoteSmart
Senator Shelley Mayer [D]	Cosponsor	Sponsored Bills	SD-037	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jessica Ramos [D]	Cosponsor	Sponsored Bills	SD-013	FollowTheMoney	Ballotpedia	VoteSmart
Senator Luis Sepulveda [D]	Cosponsor	Sponsored Bills	SD-032	FollowTheMoney	Ballotpedia	VoteSmart

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