republic-os/legislation/us/states/ca/20112012/ab-2046.md

---
type: "Bill"
title: "Property taxation: change in ownership: exclusion: floating homes."
description: "The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property. For purposes of this limitation, \"full cash value\" is defined as the assessor's valuation of real property as shown on the 1975–76 tax bill under \"full cash value\" or, thereafter, the appraised value of that real property when purchased, newly constructed, or a change in ownership has occurred. Existing property tax law specifies those circumstances in which the transfer of ownership interests results in a change in ownership of the real property, and provides that certain transfers do not result in a change of ownership."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20112012"
identifier: "AB 2046"
citation: "California AB 2046 (20112012)"
classification: ["bill"]
subjects: ["Property taxation: change in ownership: exclusion: floating homes."]
status: "enacted"
primary_sponsors: ["Allen"]
version_count: 5
action_count: 22
vote_count: 7
first_action: "2012-02-23"
last_action: "2012-09-30"
source: "openstates"
source_identifier: "ocd-bill/b840ab15-dd6b-40f1-b434-da5e11865063"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB2046"
source_hash: "2efd71df944a9d01e66bbf22bead423f1d921deb1e107b6cf8b011838f435891"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 2046 (20112012) — Property taxation: change in ownership: exclusion: floating homes.

The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property. For purposes of this limitation, "full cash value" is defined as the assessor's valuation of real property as shown on the 1975–76 tax bill under "full cash value" or, thereafter, the appraised value of that real property when purchased, newly constructed, or a change in ownership has occurred. Existing property tax law specifies those circumstances in which the transfer of ownership interests results in a change in ownership of the real property, and provides that certain transfers do not result in a change of ownership.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/23/12 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB2046&version=20110AB204699INT)
2. **05/21/12 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB2046&version=20110AB204698AMD)
3. **09/30/12 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB2046&version=20110AB204696CHP)
4. **AB2046** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB2046)
5. **09/06/12 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB2046&version=20110AB204697ENR)

## Votes

- Do pass. — **12–5** (pass) · lower
- AB 2046 ALLEN Assembly Third Reading — **48–25** (pass) · lower
- 3rd Reading AB2046 Allen By Leno — **35–3** (pass) · upper
- Do pass as amended and be re-referred to the Committee on Appropriations. — **6–2** (pass) · lower
- Do pass. — **7–0** (pass) · upper
- Placed on Appropriations Suspense file. — **7–0** (pass) · upper
- Do pass, but re-refer to the Committee on Appropriations. — **6–1** (pass) · upper

## Sponsors

- Allen — primary (person)
- Huffman — author (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2012-02-23** Read first time. To print. `reading-1`
- **2012-02-24** From printer. May be heard in committee March 25.
- **2012-03-15** Referred to Com. on REV. & TAX. `referral-committee`
- **2012-04-16** In committee: Set, first hearing. Hearing canceled at the request of author.
- **2012-05-08** In committee: Set, second hearing. Referred to REV. & TAX. suspense file. `referral-committee`
- **2012-05-17** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 2.) (May 14). `amendment-passage, committee-passage, committee-passage-favorable`
- **2012-05-21** Read second time and amended. `reading-2, reading-1, amendment-passage`
- **2012-05-22** Re-referred to Com. on APPR. `referral-committee`
- **2012-05-25** From committee: Do pass. (Ayes 12. Noes 5.) (May 25). `committee-passage, committee-passage-favorable`
- **2012-05-25** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2012-05-31** Read third time. Passed. Ordered to the Senate. (Ayes 48. Noes 25. Page 5179.) `reading-3, reading-1, passage`
- **2012-06-04** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2012-06-14** Referred to Com. on GOV. & F. `referral-committee`
- **2012-07-05** From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (July 3). Re-referred to Com. on APPR. `referral-committee, committee-passage, committee-passage-favorable`
- **2012-08-06** In committee: Referred to APPR. suspense file. `referral-committee`
- **2012-08-16** From committee: Do pass. (Ayes 7. Noes 0.) (August 16). `committee-passage, committee-passage-favorable`
- **2012-08-20** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2012-08-27** Read third time. Passed. Ordered to the Assembly. (Ayes 35. Noes 3. Page 4869.). `reading-3, reading-1, passage`
- **2012-08-28** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
- **2012-09-13** Enrolled and presented to the Governor at 12:15 p.m.
- **2012-09-30** Approved by the Governor. `executive-signature`
- **2012-09-30** Chaptered by Secretary of State - Chapter 817, Statutes of 2012.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b840ab15-dd6b-40f1-b434-da5e11865063`. Confidence: reported (aggregated from official California legislature records).