{"id":3284,"date":"2020-06-06T11:00:44","date_gmt":"2020-06-06T18:00:44","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=3284"},"modified":"2020-06-06T22:17:56","modified_gmt":"2020-06-07T05:17:56","slug":"with-california-desperate-for-cash-state-senate-rejects-269-million-for-essential-services","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=3284","title":{"rendered":"With California Desperate for Cash, State Senate Rejects $269 Million for Essential Services"},"content":{"rendered":"

Bill Could Have Generated $269 Million \u2013 Without Raising Taxes<\/em><\/p>\n

SACRAMENTO \u2013 The Senate Finance and Governance Committee today rejected Senate Bill 1319<\/a> on a party-line vote by Senator Patricia Bates (R-Laguna Niguel) that would have corrected an outdated interpretation of property \u201cchange of ownership\u201d that has been part of the long running debate around commercial property and Proposition 13 (the 1978 initiative that limited property tax increases).<\/p>\n

\u201cCalifornia faces a $54 billion budget deficit and local governments are pleading for additional revenue to help fund essential services,\u201d <\/strong>said Senator Bates. \u201cThe committee\u2019s rejection of my bill that could have generated $269 million in new tax revenue \u2013 without raising taxes \u2013 is misguided. This is yet another case of politics prevailing over common sense.\u201d<\/strong><\/p>\n

SB 1319 would have required the reassessment of any property or single transaction if 90 percent of the ownership interest changes hands within any three-year period. The bill would have prevented a repeat of examples similar to the 2006 purchase of Santa Monica\u2019s Miramar Hotel where the purchaser realized he could structure the transaction without any one entity owning a 50 percent majority share in the property.<\/p>\n

Despite the fact that 100 percent of the hotel\u2019s ownership changed hands, reassessment of the property did not occur, resulting in a tax loss to Los Angeles County of over $1 million annually. Had SB 1319 been in effect in 2006, Los Angeles County would have reassessed the Miramar Hotel.<\/p>\n

SB 1319 would have also increased the penalty for failure to file a \u201cchange in ownership\u201d statement, from 10 to 15 percent of the taxes applicable to the new base year value (or old base year value, if there is no change in ownership). The bill would have required the California Board of Equalization (BOE) to notify assessors if a legal entity change in ownership occurs and to submit a report to the Legislature by January 1, 2023, regarding the bill\u2019s economic impact and frequency of assessment.<\/p>\n

As the COVID-19 pandemic unfolded, senators were asked by Senate President pro Tem Toni Atkins to scale down their legislative packages and prioritize. Senator Bates has delayed consideration of several of her legislative proposals until next year. She prioritized SB 1319 to help California generate tax revenue without raising taxes on families or businesses.<\/p>\n

Democratic-controlled legislative committees have also killed bills similar to SB 1319 \u2013 SB 259<\/a> (Bates) in 2015 and SB 1237<\/a> (Bates) in 2018. The BOE estimated that SB 1237 could have generated $269 million annually in new tax revenue.<\/p>\n

SB 1319 is also similar to a 2014 bill authored by former Democratic Assembly Members Tom Ammiano and Raul Bocanegra. Their bill, AB 2372 (2014)<\/a>, cleared the Assembly with bipartisan support, only to die in the Senate.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bill Could Have Generated $269 Million \u2013 Without Raising Taxes SACRAMENTO \u2013 The Senate Finance and Governance Committee today rejected Senate Bill 1319 on a party-line vote by Senator Patricia Bates (R-Laguna Niguel) that would have corrected an outdated interpretation of property \u201cchange of ownership\u201d that has been part of the long running debate around…<\/p>\n","protected":false},"author":3,"featured_media":2286,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-3284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"\nWith California Desperate for Cash, State Senate Rejects $269 Million for Essential Services - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=3284\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With California Desperate for Cash, State Senate Rejects $269 Million for Essential Services - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"Bill Could Have Generated $269 Million \u2013 Without Raising Taxes SACRAMENTO \u2013 The Senate Finance and Governance Committee today rejected Senate Bill 1319 on a party-line vote by Senator Patricia Bates (R-Laguna Niguel) that would have corrected an outdated interpretation of property \u201cchange of ownership\u201d that has been part of the long running debate around...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sandiegonewsdesk.com\/?p=3284\" \/>\n<meta property=\"og:site_name\" content=\"San Diego News Desk\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-06T18:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-07T05:17:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2020\/01\/patbates.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\",\"name\":\"San Diego News Desk\",\"url\":\"https:\/\/sandiegonewsdesk.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/07\/Logo-SanDiegoNewsDesk-Article.png\",\"contentUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/07\/Logo-SanDiegoNewsDesk-Article.png\",\"width\":1200,\"height\":720,\"caption\":\"San Diego News Desk\"},\"image\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#website\",\"url\":\"https:\/\/sandiegonewsdesk.com\/\",\"name\":\"San Diego News Desk\",\"description\":\"Your Source for News in San Diego\",\"publisher\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/sandiegonewsdesk.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=3284#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2020\/01\/patbates.jpg\",\"contentUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2020\/01\/patbates.jpg\",\"width\":1200,\"height\":720},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=3284#webpage\",\"url\":\"https:\/\/sandiegonewsdesk.com\/?p=3284\",\"name\":\"With California Desperate for Cash, State Senate Rejects $269 Million for Essential Services - San Diego News Desk\",\"isPartOf\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=3284#primaryimage\"},\"datePublished\":\"2020-06-06T18:00:44+00:00\",\"dateModified\":\"2020-06-07T05:17:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=3284#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sandiegonewsdesk.com\/?p=3284\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=3284#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sandiegonewsdesk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"With California Desperate for Cash, State Senate Rejects $269 Million for Essential Services\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=3284#article\",\"isPartOf\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=3284#webpage\"},\"author\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#\/schema\/person\/f5bed4fc07270caa9fa05a8b26be4751\"},\"headline\":\"With California Desperate for Cash, State Senate Rejects $269 Million for Essential Services\",\"datePublished\":\"2020-06-06T18:00:44+00:00\",\"dateModified\":\"2020-06-07T05:17:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=3284#webpage\"},\"wordCount\":439,\"publisher\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=3284#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2020\/01\/patbates.jpg\",\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#\/schema\/person\/f5bed4fc07270caa9fa05a8b26be4751\",\"name\":\"San Diego News Desk\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/05062ed7eb31bfe5ee9233a235e7d2e2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/05062ed7eb31bfe5ee9233a235e7d2e2?s=96&d=mm&r=g\",\"caption\":\"San Diego News Desk\"},\"url\":\"https:\/\/sandiegonewsdesk.com\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/posts\/3284"}],"collection":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3284"}],"version-history":[{"count":0,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/posts\/3284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=\/wp\/v2\/media\/2286"}],"wp:attachment":[{"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandiegonewsdesk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}