Wednesday, October 7, 2009
2:00 p.m. - 4:00 p.m.
Presiding:
Cynthia Carley, Chair
Curt Cournale, Vice-Chair
Mark Peterson, Vice-Chair
Bill Jansen, Executive Committee Liaison
Jimmy La Peter, NAR Committee Representative
CAR Staff:
Christopher Carlisle, Legislative
Advocate
Jeff Keller, Public Policy Analyst
I. Opening Comments
II. State Taxation Issues
A. Action Items:
1. A Flat Tax is Again Proposed: Should C.A.R. revisit its historical
position to oppose flat tax proposals?*
2. Split Roll is Again Being Discussed: Should C.A.R. revisit its
historical position of opposing a split roll property tax system which
would tax commercial property at a higher rate?*
3. REO Property Sales are Inconsistently Used as Comparable Sales when
Residential Property is Reassessed: Should C.A.R. sponsor or support
legislation to require that REO sales be used consistently across the state
when county assessors determine a property’s reassessed value?*
B. Discussion/Reporting Items:
1. Commission on the 21st Century Economy
a. Two Personal Income Tax Rates
b. Phase Out of State Portion of Sales and Use Tax
c. New Business Net Receipts Tax
d. Elimination of Corporation Tax
2. Home Purchase Tax Credits
a. SB 15XX (Ashburn) Housing Tax Credit
b. SB 49 (Dutton) Housing Tax Credit
c. AB 765 (Caballero) Housing Tax Credit
d. AB 902 (Torres) Foreclosed Homes Income Tax Credit
3. Cancellation of Mortgage Indebtedness: SB 97 (R. Calderon) and AB 111
(Niello)
4. Recording Fee Increases
a. SB 676 (Wolk) Recording Fees
b. AB 827 (Yamada) Recording Fees to Fund Historical County Records
5. Property Tax Base Year Value Transfers
a. SB 274 and SCA 11 (Dutton) Transfer to More Expensive Home
b. AB 157 (Anderson) Property Tax Base Year Value Transfers for Disaster
Relief
c. AB 321 (Niello) Retention of Spouse’s Eligibility Under Proposition
60
6. Vote Threshold Reductions
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
7. Miscellaneous
a. 3% Withholding for Independent Contractors
b. SB 279 (Hancock) Mello-Roos Districts/Energy Efficiency
c. AB 474 (Blumenfield) Water Efficiency Improvements
III. Federal Taxation Issues
A. Discussion/Reporting Items:
1. Homebuyer Tax Credit
2. Estate Tax
3. Mortgage Interest Deduction
4. Expiring Tax Breaks
IV. Other Business
V. Adjournment
* See Issues Briefing Paper.
