City of Oakland - File #: 12-0402

• File #: 12-0402
• Version: 1
• Name: Support Of AB 188: Property Taxation When Change In Ownership Occurs
• Type: City Resolution
• Status: Passed
• File created: 4/3/2013
• In control: Meeting of the Oakland City Council
• On agenda: 4/18/2013
• Final action: 5/7/2013
• Title: Subject: Support Of AB 188 From: Councilmember Libby Schaaf Recommendation: Adopt A Resolution In Support Of AB 188 (Property Taxation: Change In Ownership, Ammiano), Which Would Amend Sections 64, 480.1, 480.2, And 482 Of, And To Add Sections 480.9, 486, 486.5, And 488 To, The Revenue And Taxation Code, Relating To Taxation, Which Would Trigger Reassesments Of Real Property When 100% Of The Ownership Interests In A Legal Entity, As Defined, Are Sold Or Transferred In A Single Transaction, Whether Or Not Any One Legal Entity Or Person That Is A Party To The Transaction Acquires More Than 50% Of The Ownership Interests

Date	Ver.	Action By	Action	Result
5/7/2013	1	Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council/Joint Powers Financing Authority	Adopted	Pass
4/18/2013	1	*Rules & Legislation Committee	Approved the Recommendation of Staff, and Forward	Pass
4/4/2013	1	*Rules & Legislation Committee	Scheduled

Title

Subject:      Support Of AB 188

From:            Councilmember Libby Schaaf

Recommendation:  Adopt A Resolution In Support Of AB 188 (Property Taxation: Change In Ownership, Ammiano), Which Would Amend Sections 64, 480.1, 480.2, And 482 Of, And To Add Sections 480.9, 486, 486.5, And 488 To, The Revenue And Taxation Code, Relating To Taxation, Which Would Trigger Reassesments Of Real Property When 100% Of The Ownership Interests In A Legal Entity, As Defined, Are Sold Or Transferred In A Single Transaction, Whether Or Not Any One Legal Entity Or Person That Is A Party To The Transaction Acquires More Than 50% Of The Ownership Interests