California Legal Codes and Statutes

§ 62551.2

Added by Stats. 2024, Ch. 767, Sec. 1. (SB 440) Effective January 1, 2025.
(a)Subject to Section 4 of Article XIII A of the California Constitution, an authority may impose, by resolution, a special parcel tax on a property owner, and related affiliates, that own a rental housing portfolio that exceeds 500 units.
(b)The special tax may have graduated tax rates with incrementally higher rates applying for larger portfolios.
(c)The special tax shall be assessed annually and include exemptions for nonprofit entities and affordable housing operators.

Cite this section

Cal. Gov. Code § 62551.2 (2026)
https://ca.codecond.com/codes/gov/title-6-5-regional-housing-finance-authorities/part-2-authority-financing-activities/chapter-2-revenue/article-1-special-taxes/section-62551.2

Other sections in Article 1 - Special Taxes

§ 62550§ 62551§ 62551.1§ 62551.2§ 62552§ 62553§ 62554

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.