3.4 22-0350 Subject: Resolution In Support Of AB 177 Ward From: Councilmember Kalb Recommendation: Adopt A Resolution In Support Of State Assembly Bill 1771 (Ward) The California Housing Speculation Act Which Would For Taxable Years Beginning On Or After January 1, 2023 Impose An Additional 25% Tax On That Portion Of A Qualified Taxpayer's Net Capital Gain From The Sale Or Exchange Of Residential Buildings As Defined And Reducing Those Taxes Depending On How Many Years Have Passed Since The Initial Purchase; On The May 12, 2022 Rules And Legislation Committee Agenda - City of Oakland

Meeting: *Special Rules and Legislation Committee on 2022-04-28 10:00 AM - Please See The Agenda To Participate In The Meeting

Meeting Time: April 28, 2022 at 10:00am PDT

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Agenda Item

3.4 22-0350 Subject: Resolution In Support Of AB 177 Ward From: Councilmember Kalb Recommendation: Adopt A Resolution In Support Of State Assembly Bill 1771 (Ward) The California Housing Speculation Act Which Would For Taxable Years Beginning On Or After January 1, 2023 Impose An Additional 25% Tax On That Portion Of A Qualified Taxpayer's Net Capital Gain From The Sale Or Exchange Of Residential Buildings As Defined And Reducing Those Taxes Depending On How Many Years Have Passed Since The Initial Purchase; On The May 12, 2022 Rules And Legislation Committee Agenda