state_legiscan_drain · CA
Real property tax: welfare exemption: community land trusts.
February 14, 2025
Summary
If enacted, this bill would amend California's welfare property tax exemption to explicitly include property owned by community land trusts (CLTs) and leased to low-income households. It would allow CLTs to claim the exemption for up to 50 units per parcel, promoting affordable homeownership and rental opportunities. This change is a tax levy and would take effect immediately upon enactment.
Source: https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB672
Common questions
- What does "Real property tax: welfare exemption: community land trusts." cover?
- If enacted, this bill would amend California's welfare property tax exemption to explicitly include property owned by community land trusts (CLTs) and…
- When was it published?
- It was published on February 14, 2025.