SB 816: Property taxation: exemptions: Chiquita Canyon elevated temperature landfill event.

This bill would exempt real property impacted by the Chiquita Canyon elevated temperature landfill event from property taxation. The exemption would apply to properties affected by the event, which occurred between January 1, 2025, and January 1, 2030. The state would be required to impose additional duties on county assessors to administer the exemption. If the commission determines that the bill contains mandated state costs, the state would reimburse local agencies for those costs. However, the state would not reimburse local agencies for property tax revenues lost due to the exemption. The bill would take effect immediately as a tax levy.