Enhanced infrastructure financing districts and community revitalization and investment areas: allocation of taxes: agricultural land exclusion.

Plain English Breakdown

The official source does not provide specific details on the exact nature of the veto or any subsequent legislative actions taken to override it.

Excluding Agricultural Land Taxes from Infrastructure Financing Districts

This law excludes taxes on agricultural land enrolled in the Williamson Act or farmland security zone contracts from being allocated to enhanced infrastructure financing districts and community revitalization and investment areas.

What This Bill Does

• It prevents taxes collected from parcels of land that are part of the Williamson Act or farmland security zones from being allocated to enhanced infrastructure financing districts or community revitalization and investment authorities.

Who It Names or Affects

• Owners of agricultural land enrolled in the Williamson Act or farmland security zone contracts
• Local governments creating enhanced infrastructure financing districts or community revitalization and investment areas

Terms To Know

Williamson Act

A California law that allows cities and counties to enter into contracts with landowners to preserve agricultural land for farming in exchange for lower property tax assessments.

Farmland Security Zone

An area designated by a local government where farmland can be taxed at a reduced rate under certain conditions.

Limits and Unknowns

• The bill was vetoed, so it is not currently in effect unless the legislature overrides the governor's decision.
• It only applies if both SB 5 and SB 516 are passed with this one being enacted last.

Official Summary Text

SB 5, Cabaldon.
Enhanced infrastructure financing districts and community revitalization and investment areas: allocation of taxes: agricultural land exclusion.
Existing law, the California Land Conservation Act of 1965, otherwise known as the Williamson Act, authorizes a city or county to enter into contracts with owners of agricultural land to preserve the land for agricultural use, as specified, in return for reduced property tax assessments. The act also authorizes a landowner of specified agricultural land to petition the city or county to cancel the Williamson Act contract in order to designate the land as a farmland security zone, whereby the land is eligible for a specified property tax valuation and taxed at a reduced rate for specified special taxes.
Existing law authorizes the legislative body of a city or a county to establish an enhanced infrastructure financing district, with a governing body referred to as the public financing authority, to finance public capital facilities or other
specified projects of communitywide significance. Existing law requires the public financing authority to prepare and adopt a proposed infrastructure financing plan, as specified. Existing law authorizes the plan to require a certain portion of specified taxes levied upon property within the district to be allocated to the district each year, as specified.
Existing law authorizes certain local agencies to form a Community Revitalization and Investment Authority within a community revitalization and investment area to carry out a community revitalization plan in that area for specified purposes. Existing law authorizes the plan to require a certain portion of specified taxes levied upon property within the area to be allocated to the authority to finance improvements, as specified.
This bill would exclude the taxes levied upon a parcel of land enrolled in or subject to a Williamson Act contract or a farmland security zone
contract, as specified, from the above-described allocations to the district or authority, as applicable.
This bill would incorporate additional changes to Section 53398.75 of the Government Code proposed by SB 516 to be operative only if this bill and SB 516 are enacted and this bill is enacted last.

Current Bill Text

Download Bill PDF