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File #: 22-0350    Version: Name:
Type: City Resolution Status: Passed
File created: 4/27/2022 In control: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board
On agenda: 5/17/2022 Final action: 5/17/2022
Title: Subject: Resolution In Support Of AB 1771 Ward From: Councilmember Kalb Recommendation: Adopt A Resolution In Support Of State Assembly Bill 1771 (Ward) The California Housing Speculation Act Which Would For Taxable Years Beginning On Or After January 1, 2023 Impose An Additional 25% Tax On That Portion Of A Qualified Taxpayer’s Net Capital Gain From The Sale Or Exchange Of Residential Property, As Defined And Reducing Those Taxes Depending On How Many Years Have Passed Since The Initial Purchase
Attachments: 1. View Report, 2. View Legislation, 3. View Fact Sheet, 4. View "CORRECTED" Report - 5/12/2022, 5. 89193 CMS

Title

Subject:                     Resolution In Support Of AB 1771 Ward

From:                                          Councilmember Kalb

Recommendation: Adopt A Resolution In Support Of State Assembly Bill 1771 (Ward) The California Housing Speculation Act Which Would For Taxable Years Beginning On Or After January 1, 2023 Impose An Additional 25% Tax On That Portion Of A Qualified Taxpayer’s Net Capital Gain From The Sale Or Exchange Of Residential Property, As Defined And Reducing Those Taxes Depending On How Many Years Have Passed Since The Initial Purchase