Fall 2014
Committee:
Legislative & External Policy Committee, External Affairs Committee
Whereas, the state of California continues to face fundamental fiscal problems in large part due to the tax inequities propagated by Proposition 13, causing a structural budget deficit that hamstrings vital services including Community Colleges, and;
Whereas, On June 6, 1978, California voters enacted Proposition 13, officially titled the “People’s Initiative to Limit Property Taxation”, which limited the annual real estate tax on both commercial and residential properties to 1%, and provided that the assessed value of a property may only be increased by a maximum of 2% per year unless the property undergoes a change in ownership or new construction, and;
Whereas, California deserves a property tax system that reduces the inequitable tax burden on residential property owners by requiring nonresidential property to pay their fair share, and;
Whereas, a split roll property tax assessment system would split the property tax roll between residential property owners, who will maintain their current protections under Proposition 13, and nonresidential commercial property owners, who will be required to pay their fair share, and;
Resolved, That the Student Senate for California Community Colleges support a split roll property tax reform that will amend the California Constitution to assign unique tax levels to corporations, and other high profitable companies, while maintaining residential property owners’ protections under Proposition 13.
Whereas, On June 6, 1978, California voters enacted Proposition 13, officially titled the “People’s Initiative to Limit Property Taxation”, which limited the annual real estate tax on both commercial and residential properties to 1%, and provided that the assessed value of a property may only be increased by a maximum of 2% per year unless the property undergoes a change in ownership or new construction, and;
Whereas, California deserves a property tax system that reduces the inequitable tax burden on residential property owners by requiring nonresidential property to pay their fair share, and;
Whereas, a split roll property tax assessment system would split the property tax roll between residential property owners, who will maintain their current protections under Proposition 13, and nonresidential commercial property owners, who will be required to pay their fair share, and;
Resolved, That the Student Senate for California Community Colleges support a split roll property tax reform that will amend the California Constitution to assign unique tax levels to corporations, and other high profitable companies, while maintaining residential property owners’ protections under Proposition 13.