Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

CHAPTER 1. Taxation Base

Article 1. Taxable and Exempt Property

Section 214.09

214.09. Welfare exemption; PILOT definitions. For purposes of Sections 214.06, 214.07, and 214.08, all of the following shall apply:

(a) "Local government" means any city, county, city and county, housing authority, housing successor to a redevelopment agency, or a joint powers agency that has approved land use entitlements or building permits, provided land or financing, or approved the issuance of tax-exempt bonds pursuant to the federal Tax Equity and Fiscal Responsibility Act for the low-income housing project.

(b) "Low-income housing project" means a low-income housing project that is eligible for the exemption provided by subdivision (g) of Section 214.

(c) "Payment in lieu of taxes agreement" means any agreement entered into between a local government and a property owner of a low-income housing project that requires the owner of the low-income housing project to pay the local government a charge to compensate the local government for lost property tax revenues resulting from the low-income housing project receiving an exemption pursuant to subdivision (g) of Section 214.

History.—Added by Stats. 2014, Ch. 671 (AB 1760), in effect January 1, 2015.

Note.—See note following Section 214.07