Gov. Code, § 62551.2 · Article 1. Special Taxes
Gov. Code, § 62551.2
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Subject to Section 4 of Article XIII A of the California Constitution, an authority may impose, by resolution, a special parcel tax on a property owner, and related affiliates, that own a rental housing portfolio that exceeds 500 units.
(b) The special tax may have graduated tax rates with incrementally higher rates applying for larger portfolios.
(c) The special tax shall be assessed annually and include exemptions for nonprofit entities and affordable housing operators.
Notes and commentary — not statutory text
History
Added by Stats. 2024, Ch. 767, Sec. 1. (SB 440) Effective January 1, 2025.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=62551.2.
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- sha256 16e9771cd407fe96ffc68b1a1bd67ff5e90100faabb34830c9747dd39d22eed6
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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