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SCA19 Introduced Property taxation base year value transfer for Vets

 

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Senate Constitutional Amendment     No. 19

Introduced by Senator Gaines

March 07, 2018


A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by amending Section 2 of Article XIII A thereof, relating to taxation.

LEGISLATIVE COUNSEL'S DIGEST

SCA 19, as introduced, Gaines. Property taxation: base year value transfers: honorably discharged veterans.


The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property. For purposes of this limitation, “full cash value” is defined as the assessor’s valuation of real property as shown on the 1975–76 tax bill under “full cash value” or, thereafter, the appraised value of that real property when purchased, newly constructed, or a change in ownership has occurred. The California Constitution authorizes the Legislature to provide that persons over 55 years of age and severely disabled homeowners may transfer the base year value, as provided, of real property that is eligible for a homeowners’ property tax exemption to a replacement dwelling, if certain conditions are met.


This measure would additionally authorize the Legislature to provide for a similar transfer of base year value of real property to a replacement dwelling for homeowners who are honorably discharged veterans. The measure would limit this provision to replacement dwellings purchased or newly constructed on or after the effective date of the measure.

Digest Key  Vote: 2/3   Appropriation: NO   Fiscal Committee: NO   Local Program: NO 

Bill Text

Resolved by the Senate, the Assembly concurring, That the Legislature of the State of California at its 2017–18 Regular Session commencing on the fifth day of December 2016, two-thirds of the membership of each house concurring, hereby proposes to the people of the State of California, that the Constitution of the State be amended as follows:

 

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