Senate Revenue and Taxation Committee

00:13 - 00:27

Speaker 1

The committee in revenue and taxation will come to order. We have one bill on our agenda, which we'll be hearing pursuant to senate rule 29 dash 10 d. If there there is a quorum present, let's establish a quorum secretary. Please call the roll.

00:30 - 00:39

Speaker 2

Senators McNerney. McNerney present. Valadares? Here. Valadares present.

Ashby? Here. Ashby present. Grayson?

00:39 - 00:40

Speaker 3

Here.

00:40 - 00:41

Speaker 2

Grayson present. Umberg?

00:42 - 00:43

Speaker 4

We have a quorum.

00:43 - 01:22

Speaker 1

We have a quorum. We will be thank you. We will be hearing from senator Allen when he arrives. And at this point, we're gonna be I don't know if I need to go into recess. Mhmm.

Yeah. We'll go into recess until senator Allen arrives. As you are prepared.

02:06 - 02:50

Speaker 3

Low incomes, veterans after a disaster. So you get the special tax status by being a nonprofit, but if you don't have a nonprofit activity on the on the property because the property's burned down, you don't get the special tax status, and so we need to give some people some additional grace there. We extend the deadline for victims to file misfortune and calamity claims through the bill. We extend special property tax exemptions for up to eight years. We extend the time homeowners have to rebuild from five to eight years for the base tax year to transfer to the new construction.

We took some amendments from the assembly that add the Franklin and Mountain Fires from late twenty twenty four, which was absolutely fair and important to do. We extend property tax exemptions for low income disabled veterans. We add language Hi.

02:50 - 02:50

Speaker 4

This is Mike.

02:50 - 03:03

Speaker 3

We add language clarifying the authority of the assessor to revoke exemptions if the claimant is not using their property for a qualified exempt purpose. That was an important small amendment. But with that, I respect for asking my vote.

03:04 - 03:09

Speaker 1

Do you have any legal assistance for this No.

03:09 - 03:32

Speaker 3

I know I mean, this is I will I will mention this this bill is, we've been working very closely with the LA County assessor, Jeff Prang, on this bill. Makes me sad to hear you say that.

03:33 - 03:36

Speaker 1

In some

03:36 - 03:39

Speaker 4

way. Quick comment, chair. Mister chair?

03:39 - 03:42

Speaker 1

Any any members on the diocese wish to make comments or questions? Yes.

03:42 - 04:16

Speaker 4

Just a quick comment. I know part of your comments were not caught on camera because we had a microphone issue, I just wanted to just quickly summarize. I think it's really important, the work that you're doing, to help the fire victims to get some immediate tax relief. And that's why we're having a late hearing because it is a priority to all of us. And I know you have, a a bipartisan motion already here at the dais, so happy to support today.

Good work on behalf of the communities that you're representing down there that have just been absolutely devastated by fire. Any modicum of support we can give them, I think we should do.

04:19 - 04:50

Speaker 1

Are there any witnesses in opposition? Seeing none, I think I I think the the the author, you know, I know that you've gone through a lot with this. And the the initial bill, I think, did a pretty good job, but it's good to see some improvements. Yeah. And I will be supporting your bill.

Alright. And we had we've already had a motion. The bill is moved. And please call the roll. Motion

04:51 - 04:55

Speaker 2

is that the assembly amendments be concurred in. Senators mcNurney.

04:55 - 04:56

Speaker 1

Aye.

04:56 - 05:05

Speaker 2

McNurney. Aye. Valadares. Aye. Valadares.

Aye. Ashby. Aye. Ashby. Aye.

Grayson. Aye. Grayson. Umberg. Aye.

Umberg. Aye. Five zero.

05:06 - 05:19

Speaker 1

This is a unanimous vote in favor, and, the bill is out. The, committee on revenue taxation is now adjourned.