(1) 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.
California SB 1464 (20132014) — Property taxation.
(1) 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.
Do pass, to Consent Calendar. — 9–0 (pass) · lower
Special Consent #13 SB1464 Committee on GOV. & F. — 35–0 (pass) · upper
Do pass and be placed on the Consent Calendar. — 7–0 (pass) · upper
SB 1464 GOV.& F. Consent Calendar Second Day — 76–0 (pass) · lower
Sponsors
Committee on Governance and Finance — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2014-03-13 Introduced. Read first time. To Com. on RLS. for assignment. To print. reading-1, introduction
2014-03-14 From printer. May be acted upon on or after April 13.
2014-03-19 Referred to Com. on GOV. & F. referral-committee
2014-04-04 Set for hearing April 23.
2014-04-10 April 23 hearing rescheduled for April 24.
2014-04-24 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 3258.) (April 24). Re-referred to Com. on APPR. committee-passage-favorable, referral-committee, committee-passage
2014-04-28 Withdrawn from committee.
2014-04-28 Ordered to second reading.
2014-04-29 Read second time. Ordered to third reading. reading-2, reading-1
2014-05-07 Ordered to special consent calendar.
2014-05-08 Read third time. Passed. (Ayes 35. Noes 0. Page 3418.) Ordered to the Assembly. reading-3, reading-1, passage
2014-05-08 In Assembly. Read first time. Held at Desk. reading-1
2014-05-19 Referred to Com. on REV. & TAX. referral-committee
2014-06-26 From committee: Do pass. Ordered to consent calendar. (Ayes 9. Noes 0.) (June 25). committee-passage-favorable, committee-passage
2014-06-30 Read second time. Ordered to consent calendar. reading-2, reading-1
2014-07-03 Read third time. Passed. (Ayes 76. Noes 0. Page 5815.) Ordered to the Senate. reading-3, reading-1, passage
2014-07-03 In Senate. Ordered to engrossing and enrolling.
2014-07-09 Enrolled and presented to the Governor at 10:30 a.m.
2014-07-16 Approved by the Governor. executive-signature
2014-07-16 Chaptered by Secretary of State. Chapter 134, Statutes of 2014.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/80f7b661-fef9-4653-8ca5-238e36862156. Confidence: reported (aggregated from official California legislature records).