EARTHQUAKE SAFETY. PROPERTY TAX EXCLUSION. LEGISLATIVE CONSTITUTIONAL AMENDMENT. • Amends California Constitution to authorize Legislature to exclude from property tax assessment construction or installation of earthquake safety improvements in existing buildings. • Authorizes Legislature to define improvements eligible for the exclusion. • Existing 15 year exclusion applicable to earthquake safety reconstruction or improvements for specified existing unreinforced masonry buildings not affected by this amendment. Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact: • If Legislature fully implements measure, it would reduce annual property tax collections from assessment of earthquake safety modifications beginning 1990-9l. • Revenue loss could be millions of dollars annually. Cities, counties, and special districts would bear approximately two-thirds of the loss; school and community college districts one-third. • State may have to replace lost school district revenues, depending on formula used to determined K-14 education funding guarantee under existing state Constitution requirements.
Legislative Vote Results
Final Votes Cast by the Legislature on SCA 33 (Proposition 127) Assembly -- Ayes, 65; Noes, 0 -- Senate -- Ayes, 38; Noes, 0
Popular Vote Results
Y: 4431687; A: 61.7; N: 2750764; B: 38.3
Senate Constitutional Amendment
Don Rogers, State Senator, 16th District; Barbara Cram Riordan, Chairman, California State Seismic Safety Commission
Earthquake Safety. Property Tax Exclusion. California Proposition 127 (1990).