AB 2167: Property tax: documentary transfer tax: exemptions: nonprofit corporations chartered under tribal or federal law.

The bill aims to exempt certain property from taxation for preserving natural resources or open-space lands. It expands the exemption to include property owned and operated by a corporation chartered under tribal law. The bill also exempts from a documentary transfer tax the transfer of property to a federally recognized tribe or a corporation chartered under tribal law. Additionally, the bill requires specific goals, purposes, and objectives for new tax expenditures, and it establishes procedures for reimbursement of state-mandated costs to local agencies and school districts. The bill takes effect immediately as a tax levy.