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, the California Constitution defines "full cash value" as the assessor's fair market value 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 generally defines this "full cash value" of property as the property's "fair market value" and defines these terms to mean the amount of cash or its equivalent that property would bring if exposed for sale in the open market under conditions in which neither buyer nor seller could take advantage of the exigencies of the other, and both the buyer and the seller have knowledge of all of the uses and purposes to which the property is adapted and for which it is capable of being used, and of the enforceable restrictions upon those uses and purposes. Existing property tax law requires the assessor to consider the effect of certain enforceable restrictions, including, among others, a contract that is a 99-year ground lease between a community land trust, as defined, and the qualified owner, as defined, of an owner-occupied single-family dwelling or an owner-occupied unit in a multifamily dwelling, that subjects a single-family dwelling or unit in a multifamily dwelling and the leased land on which the dwelling or unit is situated to affordability restrictions, as defined.
California SB 196 (20192020) — Property taxes: community land trust.
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, the California Constitution defines "full cash value" as the assessor's fair market value 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 generally defines this "full cash value" of property as the property's "fair market value" and defines these terms to mean the amount of cash or its equivalent that property would bring if exposed for sale in the open market under conditions in which neither buyer nor seller could take advantage of the exigencies of the other, and both the buyer and the seller have knowledge of all of the uses and purposes to which the property is adapted and for which it is capable of being used, and of the enforceable restrictions upon those uses and purposes. Existing property tax law requires the assessor to consider the effect of certain enforceable restrictions, including, among others, a contract that is a 99-year ground lease between a community land trust, as defined, and the qualified owner, as defined, of an owner-occupied single-family dwelling or an owner-occupied unit in a multifamily dwelling, that subjects a single-family dwelling or unit in a multifamily dwelling and the leased land on which the dwelling or unit is situated to affordability restrictions, as defined.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — 7–0 (pass) · upper
Do pass — 6–0 (pass) · upper
Placed on suspense file — 6–0 (pass) · upper
SB 196 Beall Senate Third Reading By Petrie-Norris — 79–0 (pass) · lower
Do pass as amended. — 18–0 (pass) · lower
Special Consent SB196 — 38–0 (pass) · upper
Unfinished Business SB196 Beall et al. Concurrence — 40–0 (pass) · upper
Do pass and be re-referred to the Committee on [Appropriations] — 10–0 (pass) · lower
Sponsors
Beall — primary (person)
McGuire — coauthor (person)
Wieckowski — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2019-01-31 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2019-02-01 From printer. May be acted upon on or after March 3.
2019-02-13 Referred to Com. on GOV. & F. referral-committee
2019-04-04 Set for hearing May 1.
2019-05-06 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 902.) (May 1). committee-passage-favorable, committee-passage, amendment-passage
2019-05-07 Read second time and amended. Re-referred to Com. on APPR. reading-1, reading-2, amendment-passage, referral-committee
2019-05-09 Set for hearing May 13.
2019-05-13 May 13 hearing: Placed on APPR. suspense file.
2019-05-14 Set for hearing May 16.
2019-05-16 From committee: Do pass. (Ayes 6. Noes 0. Page 1092.) (May 16). committee-passage-favorable, committee-passage
2019-05-16 Read second time. Ordered to third reading. reading-1, reading-2
2019-05-21 Ordered to special consent calendar.
2019-05-23 Read third time. Passed. (Ayes 38. Noes 0. Page 1272.) Ordered to the Assembly. passage, reading-3, reading-1
2019-05-24 In Assembly. Read first time. Held at Desk. reading-1
2019-06-06 Referred to Com. on REV. & TAX. referral-committee
2019-06-19 From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX. reading-1, reading-2, amendment-passage, committee-passage, referral-committee
2019-06-24 June 24 hearing postponed by committee.
2019-07-01 July 1 hearing: Heard for testimony only.
2019-07-03 From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX. reading-1, reading-2, amendment-passage, committee-passage, referral-committee
2019-07-09 From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (July 8). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2019-08-14 August 14 set for first hearing. Placed on APPR. suspense file.
2019-08-30 From committee: Do pass as amended. (Ayes 18. Noes 0.) (August 30). committee-passage-favorable, committee-passage, amendment-passage
2019-09-03 Read second time and amended. Ordered to second reading. amendment-passage, reading-1, reading-2
2019-09-04 Read second time. Ordered to third reading. reading-1, reading-2
2019-09-10 Read third time. Passed. (Ayes 79. Noes 0. Page 3333.) Ordered to the Senate. passage, reading-3, reading-1
2019-09-10 In Senate. Concurrence in Assembly amendments pending.
2019-09-11 Ordered to special consent calendar.
2019-09-11 Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2867.) Ordered to engrossing and enrolling. amendment-passage, committee-passage-favorable
2019-09-18 Enrolled and presented to the Governor at 4 p.m.
2019-10-09 Approved by the Governor. executive-signature
2019-10-09 Chaptered by Secretary of State. Chapter 669, Statutes of 2019.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/63a37221-f1a3-45d9-a2b8-bbad467ce768. Confidence: reported (aggregated from official California legislature records).
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