Bill > AB1668

This bill extends the property tax welfare exemption for land used for preserving natural resources or open-space lands. Currently, this exemption is set to expire after the lien date in 2027, but this bill pushes that expiration date to the lien date in 2032, meaning the exemption will remain in effect for an additional five years. The welfare exemption, authorized by the California Constitution, allows for property used for religious, hospital, or charitable purposes by nonprofit entities to be exempt from property taxes. This bill specifically applies to property owned and operated by certain organizations for the preservation of native plants, animals, geological formations, or open-space lands for recreation and scenic beauty, provided it's open to the public and managed under a qualified conservation plan. Importantly, the bill states that the state will not reimburse local agencies for any property tax revenue lost due to this extended exemption, and it takes effect immediately as a tax levy.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1668