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HomeMy WebLinkAboutMINUTES - 09102013 - C.128RECOMMENDATION(S): APPROVE AND AUTHORIZE the County Administrator to send a letter to the State Board of Equalization on behalf of Contra Costa County requesting that the State Board of Equalization initiate rulemaking to reenact Rule 474, which allows oil refineries to be valued as a single unit. FISCAL IMPACT: No fiscal impact. BACKGROUND: On January 1, 2007, the State Board of Equalization (SBE) enacted Rule 474, which provides that the fixtures at a refinery should be valued together with its land and improvements, unless a contrary factual showing is made. Rule 474 advances accurate assessment of refinery properties by using a market-based approach, which recognizes that an operating refinery is typically sold as a single operating unit consisting of land, improvements and fixtures. After Rule 474 was enacted, the Western States Petroleum Association (AWSPA@), a trade association that represents petroleum refining and exploration APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 09/10/2013 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Candace Andersen, District II Supervisor Mary N. Piepho, District III Supervisor Karen Mitchoff, District IV Supervisor Federal D. Glover, District V Supervisor Contact: Lisa Driscoll, County Finance Director (925) 335-1023 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: September 10, 2013 David Twa, County Administrator and Clerk of the Board of Supervisors By: Stephanie Mello, Deputy cc: C.128 To:Board of Supervisors From:David Twa, County Administrator Date:September 10, 2013 Contra Costa County Subject:Request to State Board of Equalization to Initiate Rulemaking to Reenact Rule 474 Allowing Oil Refineries to be Valued as a Single Unit BACKGROUND: (CONT'D) companies, filed a lawsuit claiming that Rule 474 was invalid as inconsistent with Proposition 13 and related statutory enactments, and therefore was an unlawful exercise of the SBE’s rulemaking authority. WSPA also contended that the rule was procedurally invalid because the SBE failed to assess the economic impact of the regulation as required by the Administrative Procedures Act (“APA”). After the trial court and the Court of Appeal held Rule 474 invalid on both grounds, the California Supreme Court granted review. On August 5, 2013, in Western States Petroleum Association v. Board of Equalization [(August 5, 2013) S200475], the California Supreme Court ruled that Rule 474 is consistent with applicable constitutional and statutory provisions, and it is also consistent with the long-standing valuation principle that the proper appraisal unit is the collection of assets that persons in the marketplace buy and sell as a single unit. At the same time, however, it held that the SBE failed to provide an adequate assessment of the rule’s economic impact as required by the APA. Thus, although the Court found that Rule 474 is procedurally invalid under the APA, Rule 474 may be reenacted if the SBE adheres to the requirements of the APA. CONSEQUENCE OF NEGATIVE ACTION: The State Board of Equalization would not receive formal notice of the County’s position on this issue. CHILDREN'S IMPACT STATEMENT: None.