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Significant Changes to California Property Tax Abatement Law for Affordable Housing Developments to be Considered by the California Board of Equalization by Jason A. Hobson
Pillsbury Winthrop LLP
San Francisco Office
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December 6, 2005
Previously published on January 27, 2005
Proposed rules will limit the scope and availability of the Welfare Exemption under California Revenue &Taxation Code Section 214(g) for new and existing affordable housing developments. Without the benefit of property tax relief under the Welfare Exemption, many existing affordable housing developments could be left with funding gaps and future affordable housing production could be hindered.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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