Exempts documentary transfer tax for land returned to Native American tribes in California.

California AB1485 exempts documentary transfer tax for land returned to federally recognized Native American tribes. The bill adds sections to the Revenue and Taxation Code, exempting land used for conservation, cultural, educational, recreational, or preservation purposes. It applies to the 2026-27 fiscal year and expires on January 1, 2033. The bill also mandates annual reports on the tax exemption's impact, including the number of qualifying transactions and total exempted taxes.

Exempts documentary transfer tax for land returned to Native American tribes in California.

California AB1485 exempts documentary transfer tax for land returned to federally recognized Native American tribes. The bill adds sections to the Revenue and Taxation Code, exempting land used for conservation, cultural, educational, recreational, or preservation purposes. It applies to the 2026-27 fiscal year and expires on January 1, 2033. The bill also mandates annual reports on the tax exemption's impact, including the number of qualifying transactions and total exempted taxes.