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 (Revenue and Taxation Code Section 214.18) to modify eligibility requirements for community land trusts, potentially expanding or refining the exemption for qualifying low-income housing properties. The change affects community land trusts and the homeowners they serve, but has no direct impact on mortgage lenders, banks, servicers, or other regulated financial institutions.
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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 (Revenue and Taxation Code Section 214.18) to modify eligibility…
- When was it published?
- It was published on February 14, 2025.