California Supreme Court Watch

#23-135 Olympic & Georgia Partners, LLC v. County of Los Angeles, S280000. (B312862; 90 Cal.App.5th 100; Los Angeles County Superior Court; BC707591.) Petition for review after the Court of Appeal affirmed in part and reversed in part the judgment in a civil action. This case presents the following issues: (1) Is income from a hotel occupancy tax rebate an intangible asset exempt from property taxation? (2) Is a “key money” deposit that a hotel received from its management companies at the onset of their contractual relationship exempt from property taxation? (3) Were certain other hotel enterprise assets properly valued for taxation purposes?

Petition for review granted: 7/12/2023

Case fully briefed: 11/29/2023

See the Court of Appeal Opinion.