SB 459
Provides that new property or new improvements to property constructed on same lot to replace homestead destroyed or damaged by wildfire in September 2020 may not be taken into account or added to assessment roll for any property tax year beginning before July 1, 2025.
| Status | In Senate Committee (SFR) |
| Sponsors | Fred Girod (Republican) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Exempts new residential construction replacing wildfire-destroyed homesteads from property tax assessment until July 1, 2025.
Sponsors#
Chief Sponsors: Fred Girod
Overview#
Provides that new property or new improvements to property constructed on same lot to replace homestead destroyed or damaged by wildfire in September 2020 may not be taken into account or added to assessment roll for any property tax year beginning before July 1, 2025. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-11 | S | Introduction and first reading. Referred to President's desk. |
| 2021-01-19 | S | Referred to Finance and Revenue. |
| 2021-06-26 | S | In committee upon adjournment. |