SB 1437: Property taxation: intercounty pipeline: right-of-way assessment: full cash value.

This bill aims to amend a section of the Revenue and Taxation Code to extend a rebuttable presumption in favor of a full cash value assessment for intercounty pipeline right-of-way assessments. The presumption currently applies to tax years from 1984-85 to 2025-26. The bill would extend this presumption to the 2030-31 fiscal year, allowing for a full cash value assessment for these assessments without needing to meet specific valuation standards. This change aims to simplify the assessment process for intercounty pipeline right-of-way properties.