To: Board of Supervisors
From: Legislation Committee
Report Title: ADOPT a position of "Oppose Unless Amended" on SB 964
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
ADOPT a position of "Oppose Unless Amended" on SB 964 (Seyarto) Property Tax: Tax Defaulted-Property Sales.
FISCAL IMPACT:
Unknown. However, sending unclaimed proceeds to the State Controller will create new state costs to manage the funds. In addition, by requiring a county to undertake new duties with respect to excess proceeds from sales of property would impose a state-mandated local program.
BACKGROUND:
At their March 25, 2024 meeting, the Legislation Committee (Supervisors Burgis & Carlson) considered a recommendation to "Oppose Unless Amended" SB 964 (Seyarto) by the County's Treasurer-Tax Collector. The Legislation Committee voted to recommend an "Oppose Unless Amended" position on the bill to the Board. Because there is no policy in the Board of Supervisors' adopted 2023-24 State Legislative Platform that relates to this bill, the recommendation from the Legislation Committee is provided to the Board for consideration of an advocacy position on the bill.
SB 964 (Seyarto) was introduced on 01/24/24 and referred to the Committee on Revenue and Taxation. The bill was amended on March 5, 2024 and then re-referred to the Committee on Revenue and Taxation. The bill was set for hearing on April 10 but canceled at the request of the author.
See Attachment A for the text of the bill, as amended.
See Attachment B for the "Oppose Unless Amended" letter from the California Association of Treasurers and Tax Collectors.
LEGISLATIVE COUNSEL'S DIGEST
SB 964, as amended, Seyarto. Property tax: tax-defaulted property sales.
Existing law governs the sale to certain entities of a property that has been tax defaulted for 5 years or more, or 3 years or more, as applicable, in an applicable county, including by authorizing the state, county, an...
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