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SR 0427 -	Ad Valorem Tax; exemptions may be authorized locally-CA

Tracking Level:

Monitor

Sponsor:

Reed,Kasim 35th

Last Action:

2/26/2009 - Senate Read and Referred

Senate Committee:

FIN

Assigned To:

Finance - Taxation

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Staff Analysis of the Legislation

SUMMARY:

This resolution would authorize the governing authority of any county or municipality, subject to passage of a referendum, exempt a teacher, firefighter or law enforcement officer from up to $250,000 of ad valorem taxation.

NOTE:

This resolution is a twin to HB 369.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text