Proposition 13

Bill closes commercial property tax loophole

SACRAMENTO, Calif. (AP) — The state Assembly has approved legislation closing a Proposition 13 loophole that allowed some commercial real estate buyers to escape paying higher property taxes. AB2372 was brokered in a rare deal […]

05/29/2014

Prop 13 hearing today

Los Angeles Mayor Antonio Villaraigosa will testify in Sacramento today at a hearing of the Assembly Revenue and Taxation Committee. The hearing revolves around whether to change Proposition 13’s definition of change of ownership. The […]

03/12/2012

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