Existing law requires the county assessor to consider, when valuing real property for property taxation purposes, the effect of any enforceable restrictions to which the use of the land may be subjected. Under existing law, these restrictions include, among other enumerated items, a recorded contract with a nonprofit corporation that meets prescribed requirements, including requirements that the nonprofit corporation has received a welfare exemption for properties intended to be sold to low-income families who participate in a special no-interest loan program, and that the contract includes a deed of trust on the property in favor of the nonprofit corporation to ensure compliance with the terms of the program, as described.
California AB 1868 (20232024) — Property taxation: assessments: affordable housing.
Existing law requires the county assessor to consider, when valuing real property for property taxation purposes, the effect of any enforceable restrictions to which the use of the land may be subjected. Under existing law, these restrictions include, among other enumerated items, a recorded contract with a nonprofit corporation that meets prescribed requirements, including requirements that the nonprofit corporation has received a welfare exemption for properties intended to be sold to low-income families who participate in a special no-interest loan program, and that the contract includes a deed of trust on the property in favor of the nonprofit corporation to ensure compliance with the terms of the program, as described.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 1868 Friedman Concurrence in Senate Amendments — 76–0 (pass) · lower
Do pass. — 14–0 (pass) · lower
Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — 6–0 (pass) · upper
Do pass as amended and be re-referred to the Committee on [Appropriations] — 7–0 (pass) · lower
Placed on suspense file — 6–0 (pass) · upper
Do pass — 7–0 (pass) · upper
3rd Reading AB1868 Friedman et al. By Dahle — 39–0 (pass) · upper
AB 1868 Friedman Assembly Third Reading — 66–0 (pass) · lower
Sponsors
Friedman — primary (person)
Blanca Rubio — coauthor (person)
Dodd — coauthor (person)
Gipson — coauthor (person)
Grayson — coauthor (person)
Jim Patterson — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2024-01-18 Read first time. To print. reading-1
2024-01-19 From printer. May be heard in committee February 18.
2024-01-29 Referred to Com. on REV. & TAX. referral-committee
2024-03-04 In committee: Hearing postponed by committee.
2024-03-11 In committee: Set, first hearing. Hearing canceled at the request of author.
2024-04-17 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 8). amendment-introduction, amendment-passage, committee-passage, referral-committee
2024-04-18 Read second time and amended. amendment-passage, reading-1, reading-2
2024-04-22 Re-referred to Com. on APPR. referral-committee
2024-05-01 From committee: Do pass. (Ayes 14. Noes 0.) (May 1). committee-passage, committee-passage-favorable
2024-05-02 Read second time. Ordered to third reading. reading-1, reading-2
2024-05-09 Read third time. Passed. Ordered to the Senate. (Ayes 66. Noes 0. Page 5153.) passage, reading-1, reading-3
2024-05-09 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2024-05-22 Referred to Com. on REV. & TAX. referral-committee
2024-06-12 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 12). amendment-introduction, amendment-passage, committee-passage, referral-committee
2024-06-13 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-1, reading-2, referral-committee
2024-06-24 In committee: Referred to suspense file. referral-committee
2024-08-15 From committee: Do pass. (Ayes 7. Noes 0.) (August 15). committee-passage, committee-passage-favorable
2024-08-19 Read second time. Ordered to third reading. reading-1, reading-2
2024-08-22 Read third time and amended. Ordered to second reading. amendment-passage, reading-1, reading-3
2024-08-26 Read second time. Ordered to third reading. reading-1, reading-2
2024-08-28 Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0.). passage, reading-1, reading-3
2024-08-28 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 30 pursuant to Assembly Rule 77.
2024-08-29 Assembly Rule 77 suspended.
2024-08-29 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0.). amendment-passage, committee-passage-favorable
2024-09-11 Enrolled and presented to the Governor at 4 p.m.
2024-09-25 Approved by the Governor. executive-signature
2024-09-25 Chaptered by Secretary of State - Chapter 553, Statutes of 2024. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a45a9052-930b-40e8-bcd4-8954b3e91bf6. Confidence: reported (aggregated from official California legislature records).