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Senate committee advances bill to prevent tax-increment capture from Williamson Act parcels
Summary
Committee advanced SB 5 as amended after supporters said the bill would stop enhanced infrastructure financing districts from using artificially depressed Williamson Act assessed values to generate tax increment for development. The bill passed the committee vote and will go to the Senate floor.
Senators advanced SB 5 after the author and environmental advocates warned that tax‑increment financing could capture the benefits of a public subsidy to agricultural land under the Williamson Act.
The bill's sponsor said SB 5 would allow local infrastructure financing or tax‑increment districts to be used on former Williamson Act parcels only if the baseline for calculating tax increment is the assessor’s market valuation after rezoning, not the reduced assessment the county granted under a Williamson Act…
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