Proposed Excise Tax, Landlord ID Database for California Rental Properties

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By Kathy Fettke and Real Estate Investing with Kathy Fettke - RealWealth Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

California landlords may face a new excise tax. AB 1199 would impose a tax on landlords to pay for the privilege of renting or leasing property in California. Some people feel it’s an end run to the failed Proposition 15 in the last election which would’ve eliminated Prop 13 protections for commercial property. AB 1199 would also create a public registry of rental property information including the names of the individual property owners.

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Links: 1 - https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202120220AB1199 2 - https://californiaglobe.com/section-2/proposed-excise-tax-intentional-effort-to-subvert-the-will-of-california-voters/ 3 - https://californiaglobe.com/section-2/excise-tax-on-ca-property-owners-for-renting-or-leasing-property-in-new-bill/

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