Home/California/Statutes/Code GOV: Government Code - GOV/Title 6.5.: TITLE 6.5. Regional Housing Finance Authorities/Part 2.: PART 2. Authority Financing Activities/Ch. 2.: CHAPTER 2. Revenue/Art. 1.: ARTICLE 1. Special Taxes/§ 62551.2.
California Statutes

§ 62551.2. — 62551.2. (Added by Stats. 2024, Ch. 767, Sec. 1.)

California § 62551.2.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Title 6.5.TITLE 6.5. Regional Housing Finance Authorities
Part 2.PART 2. Authority Financing Activities
Ch. 2.CHAPTER 2. Revenue
Art. 1.ARTICLE 1. Special Taxes

This text of California § 62551.2. (62551.2. (Added by Stats. 2024, Ch. 767, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Government Code - GOV Code § 62551.2. (2026).

Text

(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.

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Legislative History

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

Nearby Sections

3
§ 62551.
62551. (Amended by Stats. 2025, Ch. 67, Sec. 99.)
§ 62551.1.
62551.1. (Amended by Stats. 2025, Ch. 67, Sec. 100.)
§ 62551.2.
62551.2. (Added by Stats. 2024, Ch. 767, Sec. 1.)
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Bluebook (online)
California § 62551.2., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/62551.2..