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SB-675 Property taxation: monthly installment payments.(2021-2022)



Current Version: 08/27/21 - Enrolled Compare Versions information image


SB675:v95#DOCUMENT

Enrolled  August 27, 2021
Passed  IN  Senate  June 02, 2021
Passed  IN  Assembly  August 23, 2021
Amended  IN  Senate  May 24, 2021
Amended  IN  Senate  April 29, 2021
Amended  IN  Senate  March 10, 2021

CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Senate Bill
No. 675


Introduced by Senator Ochoa Bogh

February 19, 2021


An act to add Section 2637 to the Revenue and Taxation Code, relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


SB 675, Ochoa Bogh. Property taxation: monthly installment payments.
Existing law requires real property taxes to be paid in 2 installments and requires the tax collector to collect those taxes. Existing law authorizes the tax collector, with the approval of the county board of supervisors, to accept partial payment of real property taxes from the taxpayer in the case of a deficiency in the payment of those taxes.
This bill would authorize a county board of supervisors to adopt a resolution or ordinance to implement a monthly property tax payment program, which would authorize a qualified taxpayer, as defined, to pay, in monthly installments, their real property taxes on their principal residence, as defined. The bill would authorize the ordinance or resolution implementing the program to set forth specific procedures for purposes of determining delinquency and default, as specified. The bill would require revenues received by the county from property tax payments pursuant to the bill’s provisions to be distributed in the same manner and time as all other property tax apportionments pursuant to applicable state law and related procedures and agreements established by the county auditor. The bill would exclude from its provisions property for which an escrow account is established, as provided.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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


SECTION 1.

 Section 2637 is added to the Revenue and Taxation Code, to read:

2637.
 (a) Notwithstanding any other law, a county board of supervisors may adopt a resolution or ordinance to implement a monthly property tax payment program, which would authorize a qualified taxpayer to pay, in monthly installments, their real property taxes on their principal residence.
(b) The ordinance or resolution implementing the program may set forth specific procedures for the tax collector to deem as timely monthly installments paid late but within a specified grace period due to reasonable cause for purposes of determining delinquency and default.
(c) The revenue received by the county from property tax payments, as described in this section, shall be distributed in the same manner and time as all other property tax apportionments pursuant to applicable state law and related procedures and agreements established by the county auditor.
(d) For purposes of this section, all of the following definitions apply:
(1) “Principal residence” has the same meaning as that term is used in subdivision (k) of Section 3 of Article XIII of the California Constitution.
(2) “Qualified taxpayer” means a taxpayer who is either or both of the following:
(A) A person who is 62 years of age or older.
(B) A person receiving supplemental security income for a disability, regardless of age.
(3) “School entities” has the same meaning as that term is defined in subdivision (f) of Section 95.
(e) This section shall not apply to property for which an escrow account, as defined in Section 1024.17 of Title 12 of the Code of Federal Regulations, as that section read on January 1, 2021, is established.