The California Apartment Association and several other business groups have issued a letter objecting to a bill that would create an excise tax on rental housing and a costly, statewide rental registration program.
The letter takes aim at AB 1199 by Assemblyman Mike Gipson, D-Los Angeles. Gipson’s legislation would impose an annual excise tax upon owners with 10 or more multifamily or single-family rental properties for the “privilege” of being a landlord. The tax rate would be based on the gross receipts of the rental income, an amount yet undefined.
This resource contains member-only content
CAA members have access to compliance forms, educational tools, and extended news resources related to this topic.