BILL WOULD FIX PROP 13-RELATED ISSUE

Click here to read Senator Patricia Bates’ (R-Laguna Niguel) op/ed on SB 259:

 “SB 259 would provide that a change in ownership occurs when 90 percent of a legal entity’s ownership interests transfer in a single transaction. Bates’ bill is supported by the Howard Jarvis Taxpayers Association, the California Chamber of Commerce, the California Business Roundtable and the California Business Properties Association. A similar bill authored by former Assemblyman Tom Ammiano (D-San Francisco) earned bipartisan support in 2014 and cleared the Assembly, only to die in the Senate.”

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