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CA SCA31
CA
AI Summary
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Authorizes the Legislature to require by statute that persons over 65 years old may transfer base year value of their original property to a replacement dwelling located in a different county, expanding current law that only permits same-county transfers.
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Applies only to intercounty transfers occurring on or after January 1, 2011.
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Requires the Legislature to follow this procedure through statute rather than allowing counties to adopt ordinances individually for this age group.
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Amends subdivision (a) of Section 2 of Article XIII A of the California Constitution, which governs property tax limitations on real property.
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Requires a two-thirds vote of both houses of the Legislature and voter approval to adopt this constitutional amendment.
Legislative Description
Property taxation: intercounty base year value transfers.
Last Action
To Coms. on REV. & TAX. and E., R., & C.A.
6/10/2010