Bill > AB672

This bill extends the property tax welfare exemption for community land trusts, which are organizations that own land and lease it long-term to individuals or organizations for housing development, from January 1, 2027, to January 1, 2032. This exemption allows community land trusts to qualify for property tax relief if they develop or rehabilitate property for affordable housing, such as owner-occupied homes, affordable rental units, or limited equity housing cooperatives. The bill clarifies that property acquired by a community land trust on or after January 1, 2022, will have five years from the following lien date to begin development or rehabilitation to maintain the exemption, and the exemption period itself is extended for these properties until January 1, 2032. Additionally, the bill mandates that plaintiffs or petitioners seeking to enjoin public employee labor actions must electronically notify the Public Employment Relations Board (PERB), a state agency that resolves public employment disputes, and grants PERB the right to intervene in such cases. It also requires the Judicial Council to establish a panel of appellate justices to hear cases involving injunctions against strikes by trial court employees.