Question

Quizlet: assembly bill 1099 does not require a property tax reassessment for the construction or addition of

Answer 1

The amended Revenue and Taxation Code, Section 73, on the Property Tax on New Subdivisions, under Assembly Bill 1099 excludes property for a property tax reassessment for the construction or the addition of an active "solar energy system." This law is valid RETROACTIVELY from the 1999-2000 fiscal year forward to the 2008-2009 fiscal year.