Hyatt Grand Champions
Thursday, Feb. 4, 2010
1 p.m. - 2:50 p.m.
Indian Wells, California
Presiding:
Dennis Badagliacco, Chair
Patricia Bouie-Hinds, Vice-Chair
Issue Chairs:
David Zigal, Commercial
Investment
Skip Zeleny, Government Finance
Virginia Butler, Property Tax
Phil Schafer, Transaction Tax
Liaisons:
Kevin Brown, Executive Committee Liaison
Becky Blair, NAR Commercial Alliance Committee Representative
Leslie Munger, NAR Federal Taxation Committee Representative
CAR Staff:
Christopher Carlisle, Legislative
Advocate
Jeff Keller, Public Policy Analyst
I. Welcome and Opening Comments
Discussion/Reporting Item:
Issue Area Mission
Statements
II. State Taxation Issues
A. Government Finance
1. Governor’s Budget
2. Expansion of DRE “Poison Pill” to Special Funds
3. Housing Tax Credit Proposals
a. SB 49 (Dutton) Housing Tax Credit
b. SB 206 (Dutton) REO Homebuyer Tax Credit
c. AB 765 (Caballero) Housing Tax Credit
d. AB 902 (Torres) Foreclosed Homes Income Tax Credit
4. Vote Reduction Proposals
a. SCA 6 (Simitian) Vote Threshold Reduction for Parcel Taxes
b. SCA 12 (Kehoe) Special Tax and Bonded Indebtedness Vote Threshold
Reduction
c. ACA 9 (Huffman) Property Tax and Special Tax Vote Threshold
Reduction
d. ACA 10 (Torlakson) Education Finance District Special Tax Vote Threshold
Reduction
e. ACA 15 (Arambula) Local Transportation Project Special Tax Vote
Threshold Reduction
B. Property Tax
1. Proposition 60
a. AB 321 (Niello) Retention of Spouse’s Eligibility Under Proposition
60
b. SB 274/SCA 11 (Dutton) Transfer to More Expensive Home
2. AB 157 (Anderson) Property Tax Base Year Value Transfers for Disaster
Relief
C. Transaction Tax
1. Debt Forgiveness
a. SB 97 (R. Calderon) Conforms to Original Federal Debt Forgiveness
Legislation
b. AB 111 (Niello) Cancellation of Mortgage Indebtedness
2. AB 827 (Yamada) Recording Fees to Fund Historical County Records
III. Federal Taxation Issues
A. Commercial Investment
Tax Extenders
B. Government Finance
1. Homebuyer Tax Credit
2. Expiring Tax Breaks
C. Property Tax
1. Estate Tax
2. Mortgage Interest Deduction
IV. Other Business
V. Adjournment
