Assembly Bill 1552 codifies Mello-Roos fees as tax deductible. Since 1982, Mello-Roos fees have been used by some neighborhood communities as a way to fund projects without using traditional property taxes, which are limited by Proposition 13.
Recently, the Franchise Tax Board introduced a campaign to make income tax filings and deductions more complicated by seeking to eliminate a property owner's ability to deduct local benefit taxes for maintenance or other repairs, a common use of Mello-Roos fees.
This new policy will affect millions of homeowners across California and will cumulatively increase property taxes by as much as $140 million.
"The state is always looking for ways to capture more and more taxpayer money and this is a new low. By going after Mello-Roos fees, the state is actually taxing a tax. It is another way to go after Californians' wallets and must be stopped," Silva said.
Jon Coupal, president of the Howard Jarvis Taxpayers' Association, commented, "In the middle of the worst foreclosure crisis in 70 years, we must do everything possible to ensure homeowners retain the property tax deductions they've been receiving for the last 30 years. I support AB 1552 and applaud Assemblyman Silva for stepping up and fighting this blatant money grab."
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