AB 1668: Property tax: welfare exemption.

<blockquote> <p>The California Legislature proposes extending an existing welfare exemption from taxation for properties used exclusively for charitable or natural resource preservation purposes. The current provision is set to expire in 2027 but this bill aims to extend its validity until 2032, with a repeal date of January 1, 2033. It also mandates that local tax officials comply with these changes.</p> <p>The bill includes requirements for setting specific goals and performance indicators related to the welfare exemption and outlines procedures for state reimbursement to local agencies if mandated costs arise from this legislation.</p> </blockquote>