Property taxation: newly constructed property: reconstruction of damaged or destroyed property.

Summary

The bill changes the definition of “newly constructed” property so that timely rebuilding after the 2025 fire disasters, when the rebuilt structure is substantially the same as the original, is not counted as new construction for property‑tax valuation. It also clarifies that upgrades to underground storage tanks and related rebuilding are treated as normal maintenance. This keeps property owners in the affected fire zones from automatic tax increases after rebuilding.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 28). · May 1, 2025

Hearings

• Appropriations Committee Hearing
  Appropriations · May 23, 2025
• Appropriations Committee Hearing
  Appropriations · May 21, 2025
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 28, 2025

History

1. Feb 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. Jan 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. May 23, 2025In committee: Held under submission.
4. May 21, 2025Joint Rule 62(a), file notice suspended. (Page 1627.)
5. May 21, 2025In committee: Set, first hearing. Referred to APPR. suspense file.
6. May 14, 2025In committee: Hearing postponed by committee.
7. May 6, 2025Re-referred to Com. on APPR.
8. May 5, 2025Read second time and amended.
9. May 1, 2025From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 28).
10. Apr 28, 2025In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
11. Apr 21, 2025Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 96.
12. Apr 21, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & P. Read second time and amended.

The 12 most recent of 16 recorded actions.

Sponsors

• Schultz · sponsor

Bill text

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