AB1380:v97#DOCUMENTBill Start
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Amended
IN
Assembly
April 16, 2001
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Amended
IN
Assembly
May 03, 2001
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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)
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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.
Digest Key
Vote:
2/3
Appropriation:
NO
Fiscal Committee:
YES
Local Program:
YES
Bill Text
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.