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AB-1448 Property subject to taxation.(2021-2022)



Current Version: 02/19/21 - Introduced Compare Versions information image


AB1448:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Assembly Bill
No. 1448


Introduced by Assembly Member Kiley

February 19, 2021


An act to amend Section 201 of the Revenue and Taxation Code, relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


AB 1448, as introduced, Kiley. Property subject to taxation.
Existing law provides that all property in this state that is not exempt under federal or state law is subject to taxation.
This bill would make nonsubstantive changes to this provision.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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


SECTION 1.

 Section 201 of the Revenue and Taxation Code is amended to read:

201.
 All property in this State, state that is not exempt under the laws of the United States or of this State, state is subject to taxation under this code.