CA SCA19

Authorizes the Legislature to allow honorably discharged veterans to transfer the base year value of their property to a replacement dwelling for property tax purposes, similar to existing provisions for persons over 55 and severely disabled homeowners.

Defines "qualified veteran" as an honorably discharged veteran with annual income under $50,000 if single, or under $100,000 if married, based on Revenue and Taxation Code definitions as of January 1, 2018.

Limits the veteran property tax base year value transfer to replacement dwellings purchased or newly constructed on or after the effective date of this constitutional amendment.

Requires a two-thirds vote in both legislative houses for approval and submission to California voters.

Does not make any appropriations or create fiscal impact on state funds.