Ad valorem tax; qualified low-income building projects may be classified as a separate class of property; provide - CA

A RESOLUTION proposing an amendment to the Constitution so as to provide that qualified low-income building projects may be classified as a separate class of property for ad valorem property tax purposes, and different rates, methods, and assessment dates may be provided for such building projects; to provide for the submission of this amendment for ratification or rejection; and for other purposes.