Bill > AB1516

This bill makes several modifications to California property tax law, focusing on three main areas. First, regarding active solar energy systems, the bill clarifies that claims for tax exclusion by initial purchasers of new buildings with solar systems can be filed within three years of purchase, with any claims filed after the deadline being applied beginning on the lien date of the assessment year in which the claim is filed. These provisions will become operative on January 1, 2027. Second, the bill expands existing provisions for canceling or refunding property tax penalties and interest for late-filed exemption applications to include public schools, in addition to the previously listed organizations like colleges, churches, and veterans' organizations. This means that if a public school fails to file an exemption application on time, they can still receive up to 90% or 85% cancellation or refund of taxes, penalties, and interest, depending on when the application is filed. Third, the bill adds public schools to the list of entities eligible for tax cancellation or refund on property acquired after the lien date but before the start of the fiscal year. The bill also includes a standard provision that if the Commission on State Mandates determines the bill imposes state-mandated local costs, those costs will be reimbursed according to existing government code procedures.

Budget and Finance

Revenue and Taxation (Assembly)

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1516