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AB-1380 Property taxation: exemption: agricultural equipment.(2001-2002)

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Amended  IN  Assembly  April 16, 2001
Amended  IN  Assembly  May 03, 2001

CALIFORNIA LEGISLATURE— 2001–2002 REGULAR SESSION

Assembly Bill
No. 1380

Introduced  by  Senator Oller,  Assembly Member Aanestad
 (Coauthor(s): Assembly Member Bates, Briggs, Cox, Maddox, Robert Pacheco, Pescetti, Strickland, Wyman)
 (Coauthor(s): Senator Battin, Haynes, Monteith)

February 23, 2001

An act to add Section 201.21 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.


LEGISLATIVE COUNSEL'S DIGEST


AB 1380, as amended, Oller. Property taxation: exemption: agricultural equipment.
The California Constitution authorizes the Legislature to classify personal property for differential taxation or for exemption by means of a statute approved by a 2/3 vote of the membership of each house.
Pursuant to this constitutional authorization, this bill would exempt agricultural equipment, as defined, and farm vehicles, as provided, from property taxation.
Section 2229 of the Revenue and Taxation Code requires the Legislature to reimburse local agencies annually for certain property tax revenues lost as a result of any exemption or classification of property for purposes of ad valorem property taxation.
This bill would provide that, notwithstanding Section 2229 of the Revenue and Taxation Code, no appropriation is made and the state shall not reimburse local agencies for property tax revenues lost by them pursuant to the bill.
This bill would take effect immediately as a tax levy.
Vote: 2/3   Appropriation: NO   Fiscal Committee: YES   Local Program: YES  

The people of the State of California do enact as follows:


SECTION 1.

 Section 201.21 is added to the Revenue and Taxation Code, to read:

201.21.
 (a) The following are exempt from personal property taxation:
(1) Agricultural equipment.
(2) Farm vehicles.
(b) For purposes of this section:
(1) “Agricultural equipment” means an implement of husbandry, as defined in Section 411, including equipment used in forestry, dairy, cattle, pork, poultry, or winegrower operations.
(2) “Farm vehicles” includes only those vehicles described in Section 36101 Sections 36101 and 36102 of the Vehicle Code, relating to farm vehicles that are exempt from registration.

SEC. 2.

 Notwithstanding Section 2229 of the Revenue and Taxation Code, no appropriation is made by this act and the state shall not reimburse any local agency for any property tax revenues lost by it pursuant to this act.

SEC. 3.

 This act provides for a tax levy within the meaning of Article IV of the Constitution and shall go into immediate effect.