2025-2026 Regular SessionCalifornia Legislature

SB723: Property taxation: exemption: low-value properties.

Legislative Summary

An act to amend Section 155.20 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/21/2025
Introduced. To Com. on RLS. for assignment. To print.
Senate
2/24/2025
From printer. May be acted upon on or after March 24.
Senate
2/24/2025
Read first time.
Senate
3/12/2025
Referred to Com. on REV. & TAX.
Senate
3/18/2025
Set for hearing May 14.
Senate

Status Information

Current Status
Introduced(2/21/2025)
Chamber
Senate
Committee
Revenue and Taxation(Senate)

Sponsors

Republican: 2

Primary Sponsor

Steven Choi
Steven Choi
Republican

Documents

Introduced
Bill Text2/21/202511.9 KB