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BOE pauses proposed LEOP hearing amid concerns it could stray into legislation; will revisit in November
Summary
Vice Chair Salina Lieber proposed an informational hearing on the Legal Entity Ownership Program, but the board deferred the item and asked staff to return in November with a narrower agenda after members warned the hearing might stray into legislative territory.
Vice Chair Salina Lieber proposed Oct. 21 that the Board of Equalization hold a Dec. 16 informational hearing to review the Legal Entity Ownership Program (LEOP), explain recent reforms and discuss whether the BOE’s examination function is effectively identifying unreported changes in legal ownership.
Several members raised procedural and policy concerns, saying the BOE should not be seen as creating or advocating legislative changes to Proposition 13 or other taxation statutes. "My concern is that we shouldn't be legislating,” Chairman Gaines said, urging that any hearing remain informational rather than…
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