Looking for a Chink in Tax-Cutting Law’s Armor

A new bill, AB 2492, from Assemblyman Tom Ammiano seeks to close a loophole that lets some commercial property owners avoid such reassessments — and, perhaps, to find a chink in Proposition 13’s seemingly impregnable political armor. Critics of the bill say that Sacramento should not fiddle with Proposition 13. “We see it as an attack on Proposition 13 protections. We think that the existing law is very effective,” said Kyla Christoffersen, a policy advocate for the California Chamber of Commerce, who opposes the bill, said in a telephone interview. “We believe that this primary impact of this bill will be to increase property taxes of small business owners.” Read More. (The New York Times 05/11/10)