CA AB1596

Expands California's base year value transfer program to include parents or legal guardians of severely and permanently disabled children who reside with the child, effective January 1, 2019.

Allows these individuals to transfer the base year value of an original property to a replacement dwelling of equal or lesser value within the same county (or different county if authorized by local ordinance), following the same conditions as existing provisions for seniors over 55 and disabled persons.

Requires claimants to provide proof of the child's severe and permanent disability through physician certification and demonstrate the move to the replacement dwelling addresses disability-related needs or alleviates financial burdens caused by the disability.

Specifies that no state reimbursement will be made to local agencies for property tax revenues lost under this program, and the bill becomes operative only if Assembly Constitutional Amendment 12 is approved by voters.

Takes immediate effect as a tax levy but does not become operative until January 1, 2019, contingent on voter approval of the accompanying constitutional amendment.