To eliminate the use of rental property occupancy rate increases or decreases in determining the taxable value of property. The bill is a response to a 2002 Supreme Court ruling (WPW vs. Troy) which held that the Constitutional tax cap put in place by Proposal A in 1994 capped annual increases in the assessments of commercial property whose assessment had previously been lowered because of high vacancy rates.
| 98 Yeas / 12 Nays | |
|---|---|
