UPDATE: Split Roll Bill Held in Committee - AB 2492

BOMA San Francisco Members:

The bill targeting Proposition 13 protections, AB 2492 by Assemblymember Tom Ammiano (D-San Francisco) was 'held' in the California Assembly Appropriations Committee on May 28, 2010.  All 'tax levy' bills were held in order to allow them to be considered in aggregate as part of the upcoming state budget discussions.  Because these measures require a 2/3 vote for passage, normal legislative deadlines do not apply.  Indeed, the bill remains alive although its progress is stalled for the time being.  What this means is that BOMA California will been even more vigilant throughout the budget process to make sure that split roll taxation under Proposition 13 does not become part of any budgetary 'solution.'