BACLT & California Community Land Trust pursue legislation to remove tax barriers to CLT development
Updated: Jun 18, 2019
BACLT is an active and founding member of the California Community Land Trust Network (CLTN). This year in 2019, it is pursuing SB 196, providing a tax exemption during the period of development of CLT homes from the time of acquisition to sale, as well as, a clarification of AB 2818 to allow for even application across the state. This legislation is crucial for the future of the CLT model.