republic-os/legislation/us/states/ca/20232024/sb-734.md

---
type: "Bill"
title: "Property tax: possessory interests."
description: "Existing law requires that all property subject to tax be assessed at its full value, and includes certain possessory interests among those property interests subject to tax. Existing law defines a taxable possessory interest to be a possession of, claim to, or right to the possession of land or improvements that is independent, durable, and exclusive of rights held by others in the property, except as provided. Existing law authorizes the state or any local public entity of government, when entering into a written contract with a private party whereby a possessory interest subject to property taxation may be created, to include, or cause to be included, in that contract, a statement that the property interest may be subject to property taxation if created, and that the party in whom the possessory interest is vested may be subject to the payment of property taxes levied on the interest."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20232024"
identifier: "SB 734"
citation: "California SB 734 (20232024)"
classification: ["bill"]
subjects: ["Property tax", "possessory interests"]
status: "enacted"
primary_sponsors: ["Rubio"]
version_count: 5
action_count: 26
vote_count: 7
first_action: "2023-02-17"
last_action: "2023-10-11"
source: "openstates"
source_identifier: "ocd-bill/79d2ec88-0859-4bac-b6a2-9a66f7125467"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB734"
source_hash: "e4e6537ff519a8c07c07fee969857c611193a48b45031a693d14a107bf05feaf"
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 SB 734 (20232024) — Property tax: possessory interests.

Existing law requires that all property subject to tax be assessed at its full value, and includes certain possessory interests among those property interests subject to tax. Existing law defines a taxable possessory interest to be a possession of, claim to, or right to the possession of land or improvements that is independent, durable, and exclusive of rights held by others in the property, except as provided. Existing law authorizes the state or any local public entity of government, when entering into a written contract with a private party whereby a possessory interest subject to property taxation may be created, to include, or cause to be included, in that contract, a statement that the property interest may be subject to property taxation if created, and that the party in whom the possessory interest is vested may be subject to the payment of property taxes levied on the interest.

## Version chain

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

1. **02/17/23 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB734&version=20230SB73499INT)
2. **03/21/23 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB734&version=20230SB73498AMD)
3. **10/11/23 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB734&version=20230SB73496CHP)
4. **SB734** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB734)
5. **09/08/23 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB734&version=20230SB73497ENR)

## Votes

- SB 734 Rubio Senate Third Reading By Pacheco — **79–0** (pass) · lower
- Special Consent — **40–0** (pass) · upper
- Placed on suspense file — **7–0** (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] — **10–0** (pass) · lower
- Do pass — **7–0** (pass) · upper
- Do pass. — **16–0** (pass) · lower
- Do pass, but first be re-referred to the Committee on [Appropriations] — **7–0** (pass) · upper

## Sponsors

- Rubio — primary (person)

## Timeline

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

- **2023-02-17** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
- **2023-02-21** From printer. May be acted upon on or after March 20.
- **2023-03-01** Referred to Com. on RLS. `referral-committee`
- **2023-03-21** From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. `amendment-passage, committee-passage, reading-1, reading-2, referral-committee`
- **2023-03-29** Re-referred to Com. on GOV. & F. `referral-committee`
- **2023-04-20** Set for hearing May 3.
- **2023-05-03** From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 994.) (May 3). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2023-05-05** Set for hearing May 15.
- **2023-05-15** May 15 hearing: Placed on APPR suspense file.
- **2023-05-16** Set for hearing May 18.
- **2023-05-18** From committee: Do pass. (Ayes 7. Noes 0. Page 1182.) (May 18). `committee-passage, committee-passage-favorable`
- **2023-05-18** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2023-05-23** Ordered to special consent calendar.
- **2023-05-25** Read third time. Passed. (Ayes 40. Noes 0. Page 1304.) Ordered to the Assembly. `passage, reading-1, reading-3`
- **2023-05-25** In Assembly. Read first time. Held at Desk. `reading-1`
- **2023-06-08** Referred to Com. on REV. & TAX. `referral-committee`
- **2023-06-27** June 26 set for first hearing. Placed on REV. & TAX. suspense file.
- **2023-07-11** From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (July 10). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2023-08-23** August 23 set for first hearing. Placed on suspense file.
- **2023-09-01** From committee: Do pass. (Ayes 16. Noes 0.) (September 1). `committee-passage, committee-passage-favorable`
- **2023-09-05** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2023-09-06** Read third time. Passed. (Ayes 79. Noes 0. Page 2961.) Ordered to the Senate. `passage, reading-1, reading-3`
- **2023-09-06** In Senate. Ordered to engrossing and enrolling.
- **2023-09-11** Enrolled and presented to the Governor at 3 p.m.
- **2023-10-11** Approved by the Governor. `executive-signature`
- **2023-10-11** Chaptered by Secretary of State. Chapter 785, Statutes of 2023. `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/79d2ec88-0859-4bac-b6a2-9a66f7125467`. Confidence: reported (aggregated from official California legislature records).