"There are property owners in nine California counties who are depending on this bill to help them get back on their feet," stated Assemblymember Portantino. "In my own district bordering the Angeles National Forest, we suffered huge losses – first with the Station Fire last fall and then the destructive mudslides that followed this winter. This bill will provide immediate tax relief to both individuals and businesses affected by these catastrophes and help them rebuild their lives."
AB 1662 provides state property tax exemptions to homeowners who are forced to repair or rebuild because of a natural disaster. The measure was originally written for the Station Fire which charred more than 160,000 acres in and around the Angeles National Forest. It was amended to include the mudslides that followed and eight other counties that have been designated as disaster areas: Los Angeles, Orange, Riverside, San Bernardino, Imperial, Monterey, San Francisco, Calaveras and Siskiyou. This bill is a bi-partisan bill, co-authored by Assemblyman Kevin Jeffries (R-Lake Elsinore).
"This bill is essential in restoring the communities impacted by the Station Fire and other natural disasters," said Portantino. "We owe it to these people to help them get back on their feet."
As an urgency measure, this bill would be effective immediately once it is signed into law. The bill now goes to the Senate for approval.