California AB2089 amends property tax exemptions for nonprofit organizations.

AB2089 amends the Revenue and Taxation Code to expand property tax exemptions for nonprofit organizations. It introduces a "welfare exemption" for properties used for religious, charitable, scientific, or hospital purposes, provided they meet specific criteria. The bill also details conditions for partial exemptions, including properties used for housing and related facilities for low- and moderate-income households. It mandates the State Board of Equalization to administer these exemptions, except where local assessors are responsible.

California AB2089 amends property tax exemptions for nonprofit organizations.

AB2089 amends the Revenue and Taxation Code to expand property tax exemptions for nonprofit organizations. It introduces a "welfare exemption" for properties used for religious, charitable, scientific, or hospital purposes, provided they meet specific criteria. The bill also details conditions for partial exemptions, including properties used for housing and related facilities for low- and moderate-income households. It mandates the State Board of Equalization to administer these exemptions, except where local assessors are responsible.