Tax Equity Allocation.
- Modifies the Tax Equity Allocation formula to increase property tax revenue for qualifying cities.
- Removes certain reductions from property tax distributions to eligible cities.
- Requires state reimbursement to local agencies for mandated implementation costs.
Assembly Member Wallis proposes modifying California's Tax Equity Allocation (TEA) formula by removing certain property tax revenue reductions from the calculation of distributions to qualifying cities. The legislation alters how county auditors determine allocations under the existing formula, which provides graduated increases in property tax revenue shares to eligible municipalities.
The bill eliminates the requirement to reduce qualifying cities' TEA distributions by the amount of property tax revenues exchanged between the City of Rancho Mirage and community services districts. County auditors must recalculate allocations without applying this specific reduction, while maintaining other existing adjustments based on tax rate changes, special district revenues, and appropriation limits.
For Santa Clara County, the legislation preserves the existing framework of phased reductions to qualifying cities' allocations, starting at 80 percent in the first year and decreasing to zero percent by the fifth year. These adjustments remain tied to the Educational Revenue Augmentation Fund reimbursement amount, though exemptions apply when state support for schools is determined under specific constitutional provisions.
The measure creates new administrative responsibilities for local officials, qualifying as a state-mandated program. Under California's constitutional requirements, local agencies and school districts will receive reimbursement for costs associated with implementing these changes through established statutory procedures.
This bill was recently introduced. Email the authors to let them know what you think about it.
Introduced By
Latest Voting History
 Greg WallisR Assembly Member | Bill Author |  Not Contacted |
- Modifies the Tax Equity Allocation formula to increase property tax revenue for qualifying cities.
- Removes certain reductions from property tax distributions to eligible cities.
- Requires state reimbursement to local agencies for mandated implementation costs.
This bill was recently introduced. Email the authors to let them know what you think about it.
Introduced By
Assembly Member Wallis proposes modifying California's Tax Equity Allocation (TEA) formula by removing certain property tax revenue reductions from the calculation of distributions to qualifying cities. The legislation alters how county auditors determine allocations under the existing formula, which provides graduated increases in property tax revenue shares to eligible municipalities.
The bill eliminates the requirement to reduce qualifying cities' TEA distributions by the amount of property tax revenues exchanged between the City of Rancho Mirage and community services districts. County auditors must recalculate allocations without applying this specific reduction, while maintaining other existing adjustments based on tax rate changes, special district revenues, and appropriation limits.
For Santa Clara County, the legislation preserves the existing framework of phased reductions to qualifying cities' allocations, starting at 80 percent in the first year and decreasing to zero percent by the fifth year. These adjustments remain tied to the Educational Revenue Augmentation Fund reimbursement amount, though exemptions apply when state support for schools is determined under specific constitutional provisions.
The measure creates new administrative responsibilities for local officials, qualifying as a state-mandated program. Under California's constitutional requirements, local agencies and school districts will receive reimbursement for costs associated with implementing these changes through established statutory procedures.
Latest Voting History
Greg WallisR Assembly Member | Bill Author | Not Contacted |