Property taxation: intercounty pipeline: right-of-way assessment: full cash value.

Plain English Breakdown

The exact period covered by the bill's extension is not specified in the official summary beyond mentioning until the 2030-31 fiscal year.

Pipeline Tax Rules

The bill extends a rule that allows county assessors to assume intercounty pipeline rights-of-way are worth their full cash value until the 2030-31 tax year, if certain valuation standards are met.

What This Bill Does

• Extends an existing rule about how county assessors should value intercounty pipeline rights-of-way.
• Keeps a presumption that these rights-of-way are worth their full cash value for one more tax year, from the current period until the 2030-31 fiscal year.
• Requires this presumption only if certain valuation standards are met.

Who It Names or Affects

• County assessors who set property taxes
• Companies that own intercounty pipelines

Terms To Know

rebuttable presumption

A rule that assumes something is true unless there's strong evidence to prove it isn't.

intercounty pipeline

A pipe system used for moving liquids or gases between different counties.

Limits and Unknowns

• The bill does not specify what happens after the 2030-31 tax year.
• It is unclear how many pipelines this will affect in the future.

Official Summary Text

SB 1437, as introduced, Committee on Revenue and Taxation.
Property taxation: intercounty pipeline: right-of-way assessment: full cash value.
Existing law requires the county assessor to assess all property that is subject to taxation at its full value. Existing law establishes, for any of the 1984–85 to 2025–26 tax years, inclusive, a rebuttable presumption in favor of a full cash value assessment for an intercounty pipeline right-of-way, provided that certain specified valuation standards are met in determining that assessed value.
This bill would extend the application of this rebuttable presumption to the 2030–31 fiscal year.

Current Bill Text

Download Bill PDF