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Bill would let counties extend property-tax base-year transfer deadline after governor-declared disasters
Summary
Sen. (presenter) described SB 603, which would authorize county boards of supervisors to extend the five-year deadline for transferring base-year property tax values to replacement properties after a governor-declared disaster by up to three years; the committee placed the bill on the suspense file.
A senator presented SB 603 to the Assembly Committee on Revenue and Taxation, proposing that county boards of supervisors be authorized to extend the five‑year period for transferring a property's base-year property tax value after substantial damage from a governor‑declared disaster.
The author described the current five-year window for transferring base-year values to replacement properties and said recent wildfire…
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