California Harbors and Navigation Code

§ 1710

HNC § 1710 Effective Jan 1, 2016Div. 6 · Part 1 · Ch. 3

Statute text

The Legislature finds and declares all of the following:

(a)In addition to the findings and declarations in Section 53398.50 of the Government Code, the ability to capture property tax increment revenues to finance needed seaport and harbor infrastructure projects will provide direct benefits to the state. When harbor agencies are better funded to further the objectives of the state, its seaports and harbors, and the public trust and enjoyment of those trust lands by the people of the state, local economies and the local environment will also be improved.

(b)A seaport or harbor or its operation frequently generates large local tax benefits directly as a result of the possessory interest taxes paid on the value of leased port and harbor real property.

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Legislative history

Added by Stats. 2015, Ch. 793, Sec. 11. (SB 63) Effective January 1, 2016.