AB 1335 (Atkins) establishes the Building Homes and Jobs Act of 2015 (the Act) to provide funding for affordable housing. This is one of four bills introduced by the Speaker of the Assembly, Toni Atkins, to address low income housing shortages in California. The bill would, among other things, beginning January 1, 2016, impose a $75 fee on every real estate instrument, paper, or notice that is required or permitted by law per each single transaction per parcel of real property, excluding real estate instruments, papers, or notices recorded in connection with a transfer subject to a documentary transfer tax. AB 1335 passed through the committee process. Not surprising considering it is the Speaker’s bill. However, when it reached the floor it ran into a 2/3 vote requirement roadblock. Click here to read more.