Ammiano carries bill to amend Prop. 13 rules
By Carolyn Said and Marisa Lagos/San Francisco Chronicle
With California mired in a budget crisis, some lawmakers are eyeing revisions to Proposition 13, the state's landmark law limiting property-tax increases, considered the untouchable third rail of California politics. Assemblyman Tom Ammiano, D-San Francisco, is sponsoring legislation that he said would stop commercial property owners from evading higher taxes when businesses change hands, a practice that he said deprives cash-strapped cities and counties of hundreds of millions of dollars. "There's a loophole in the law, and it's morally incumbent upon us to close it ... so when businesses change ownership, there's no game-playing," Ammiano said Monday. (more...)