CA ACA12

Authorizes the Legislature to allow parents or legal guardians of a severely disabled child who reside with that child to transfer the base year value of their property to a replacement dwelling for property tax purposes.

Limits the base year value transfer provision for disabled children's parents or guardians to replacement dwellings purchased or newly constructed on or after January 1, 2019.

Extends existing property tax base year value transfer provisions that currently apply to persons over 55 years of age and severely disabled individuals to this new category of homeowners.

Requires a two-thirds vote in both houses of the Legislature to propose this constitutional amendment to California voters.