On Sep. 5, CAL LEG issued bill re property tax payments, penalties.
CAL LEG passed Bill AB 2353 to add Section 4985.05 (CAL LEG 1-9-4-1-4985.05) to the Revenue and taxation code related to property taxes and delinquent payments.
Property Tax Payments
Property owner not liable for interest/penalties if he/she provides proof of application for an exemption, received a reservation of tax credits, building under construction.
Delinquent installments of ad valorem property tax, penalties/interest does not apply to prorated/late taxes not eligible for exemption, or property not developed to qualify.
Property owner not liable for penalties/interest will provide verification of eligibility to tax collector annually, the tax collector will give list of eligible properties to assessor.
Bill/notice of deficiency, sent to taxpayer from tax collector will not be collection action.
Applies to property tax installments due/payable from Dec. 10, 2025, to Apr. 10, 2031.
Legislative History
On Feb. 12, 2024, bill introduced in Assembly; on May 22, 2024, bill passed Assembly.
On May 23, 2024, bill delivered to Senate; on Aug. 26, 2024, bill passed in Senate..
On Sep. 5, 2024, bill was enrolled and was delivered to governor for actioning.
Effectiveness
If approved, provisions become effective as of Jan. 1, 2025.
Sep. 25, 2024 CAL LEG Governor Approval
On Sep. 25, 2024, CAL LEG reported governor signed AB-2353, assigned Chapter 566.
Regulators
CAL LEG
Entity Types
CNSM; Corp; MG Orig
Reference
Ch 566, 9/25/2024; Bill AB2353, 9/5/2024; Citation: CAL LEG 1-9-4-1-4985;
