Proposed Amendments to Property Tax Rule 462.540, Change in Ownership – Base Year Value Transfers
The State Board of Equalization proposes to adopt Property Tax Rule 462.540, Change in Ownership – Base Year Value Transfers, this Rule implements, interprets, and makes specific certain change in ownership exclusion provisions provided by section 2.1 of article XIII A of the California Constitution (Section 2.1). For additional information on the Interested Parties Process for this rulemaking effort, please refer to its Property Tax Project page.
| Date | Description of Task |
|---|---|
| 05/25/2021 | Approval by the Board to Publish Notice |
| 06/22/2021 | Staff submitted the initial rulemaking documents to OAL. |
| 07/02/2021 | Notice of Modifications to Proposed Rule |
| 07/27/2021 | Public Hearing held at August 24, 2021 Board Meeting The Board adopted the amendments to Rule 462.540 as published |
| 11/16/2021 | Staff issued a notice of modifications to the regulation text for rule 462.540 and addendum to the Initial Statement of Reasons |
| 12/14/2021 | The Board adopted the modifications to the regulation text as published |
| 12/22/2021 | Staff submitted the Final Rulemaking documents to OAL |
| 01/01/2022 | Rule 462.540 modifications approved by Office of Administrative Law |
For the full list and status of pending regulations, please see the Status of Board of Equalization's Proposed Rules and Regulations.
To learn more about the rulemaking process, please see Rulemaking Protocol.