CaliforniaLocal taxation: real property transfers.
What it does
Existing statutory law, enacted by Proposition 62, as approved by the voters at the November 4, 1986, statewide general election, prohibits a local government or district from imposing any transaction tax or sales tax on the sale of real property within the city, county, or district, except as provided. The California Constitution authorizes cities organized under a charter to make and enforce all ordinances and regulations in respect to municipal affairs, which supersede inconsistent general laws. Existing law, the Documentary Transfer Tax Act, authorizes the imposition of a tax by a county or city, as provided, with respect to specified instruments that transfer specified interests in real property.
More detail
This bill would require a legislative body of a city, as specified, before it adopts any transfer tax on the sale of real property, to develop and post on its internet website an analysis that examines, at a minimum, the effect of the proposed transfer tax on, among other things, the production of affordable housing, including affordable housing produced by market-rate housing projects.
The bill would include findings that changes proposed by this bill address a matter of statewide concern rather than a municipal affair and, therefore, apply to all cities, including charter cities.
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Where it stands
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 9In Senate. Read first time. To Com. on RLS. for assignment.Latest
- Jun 5Read third time. Passed. Ordered to the Senate. (Ayes 68. Noes 0. Page 2102.)Passed Assembly
- Vote recorded AB 698 Wicks Assembly Third Reading. Result: pass.Lower
- Jun 2Read third time and amended. Ordered to third reading. (Page 1951.)Major
- May 6Read second time. Ordered to third reading.Minor
- May 5Read second time and amended. Ordered returned to second reading.Major
- May 1From committee: Amend, and do pass as amended. (Ayes 10. Noes 0.) (April 30).Major
- Apr 30
- Vote recorded Do pass as amended. Result: pass.Lower
- Apr 1Re-referred to Com. on L. GOV.Minor
- Mar 28From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.Major
- Mar 28Referred to Com. on L. GOV.Minor
- Feb 15From printer. May be heard in committee March 17.
- Feb 14Read first time. To print.Introduced