This issue touches every family and support should be widespread. But people need to know before it’s too late.
HJTA files initiative to “Repeal the Death Tax”
The “Repeal the Death Tax” initiative will restore the protections that Proposition 19 took away and help families build security for the next generation.
How LLCs can protect heirs from property tax reassessments under Prop. 19
Proposition 19 has evolved into nothing short of a financial gut punch for parents who had planned on passing along California real estate rentals to their children... Click here to read the article in the Orange County Register.
HJTA announces initiative to “Repeal the Death Tax”
The Howard Jarvis Taxpayers Association, California’s leading taxpayer advocacy group, will go forward with an initiative to restore the right of parents to transfer their home and limited other property to their children without reassessment to market value.The announcement follows the 3-4 vote in the Senate Governance and Finance Committee...
Video: Amendment aims to restore burden-free transfer of property from parents to kids
Some legislators want to repeal a part of a measure that charges the heirs of a home the property taxes based on the current value of the home. Click here to view on Fox40.
Amendment aims to restore burden-free transfer of property from parents to kids
(The Center Square) - “Will California become a renter’s state or will we own homes?” asked Dr. Rosie Milligan, Author, Estate Planner from Los Angeles at the announcement of Senate Constitutional Amendment 4 (SCA 4) on May 2. “I support SCA 4 because the intent is to repeal the devastating...
HJTA announces Repeal the Death Tax Act will miss the November 2022 ballot
SACRAMENTO—The Howard Jarvis Taxpayers Association announced today that its Repeal the Death Tax initiative did not secure the needed signatures in time to qualify for the November ballot, but lauded the efforts of more than 13,000 volunteers who collected over 402,000 signatures to reverse the tax hike that was a...
How California’s Inheritance Tax Hurts Affordable Housing
In February of 2021, Proposition 19 went into effect in California. Those who inherit property have one year to make it their permanent residence otherwise it will be reassessed at market value which leads to a significant tax increase. My guest today is Susan Shelley, Vice President of Communications for...
California’s new death tax is a year old
Anniversaries and birthdays are usually thought of as celebratory events, but on February 16th, California marked an unhappy milestone. It started in November 2020, when voters narrowly passed Proposition 19. While the initiative contained some positive elements, it also repealed an important taxpayer protection from the California Constitution that taxpayers...
Dealing with the aftermath of Proposition 19
Proposition 19 was approved by the voters in November 2020 by a narrow margin. It is a constitutional amendment to Proposition 13 that now allows seniors and the disabled to sell their home and buy a new one without, in many cases, experiencing an increase in property taxes. It also...