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DIVISION 8. Downtown Revitalization and Economic Recovery Financing Districts 62450-62464›CHAPTER 1. General Provisions 62540›ARTICLE 1. Special Taxes 62550-62554

§ 62551.2

California Government Code · 2026-09 edition · updated 2026-09-27 · California

(a) Subject to Section 4 of Article XIII A of the California Constitution, an authority may impose, by resolution, a special parcel tax on a property owner, and related affiliates, that own a rental housing portfolio that exceeds 500 units.

(b) The special tax may have graduated tax rates with incrementally higher rates applying for larger portfolios.

(c) The special tax shall be assessed annually and include exemptions for nonprofit entities and affordable housing operators.

(Added by Stats. 2024, Ch. 767, Sec. 1. (SB 440) Effective January 1, 2025.)

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California Government Code

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