And why we want someone like Campos to replace Ammiano (whos termed out and who would make a splendid mayor for San Francisco). Sorry outsiders, local politics are consuming these days. But Prop. 13 is where the nationwide era of defunding public services and collective good began; may this be the beginning of the end. “When I buy a house, I have to pay the increased property taxes, and when you buy a commercial building you should have to pay that increased tax.” said Ammiano. AB 2372 changes the threshold to allow reassessment if an owner sells 90 percent of his/her/its interest in a property, not matter how many ways the new controlling interest is sliced up. The California Chamber of Commerce and the usual business groups had opposed the measure, but they withdrew that opposition yesterday as the bill cleared the Assembly Revenue and Taxation Committee, thanks to some minor amendments and political finessing by committee Chair Raul Bocanegra (D-San Fernando Valley), who has pledged to sign on a co-sponsor. “Now we have a bill that does exactly what I wanted, and yet it has the support of the business community,” Ammiano said in a prepared statement. “I’m grateful to Assemblymember. Bocanegra for helping with amendments that would remove opposition and make it clear that we are not targeting the average property owner. The average Californian is who we are trying to protect.” “Homeowners are consistently reassessed but other properties aren’t,” Assemblymember Phil Ting (D-SF) -- a committee member and former San Francisco Assessor -- also said.
Posted on: Mon, 19 May 2014 15:41:19 +0000
Trending Topics
Recently Viewed Topics
© 2015