Opinion: Repealing Death Tax will help family businesses stay afloat

The COVID-19 pandemic hit many family-owned businesses hard. Now as California emerges from the crisis, those businesses are still struggling to stay afloat. There are 1.4 million family businesses in California. They provide jobs for seven million Californians. These businesses improvised, innovated and gave their blood, sweat and tears to...

Do progressives support gentrification?

By Jon Coupal Support is growing for the idea that parents can help their families climb the economic ladder by building generational wealth through property ownership. Surprisingly, this support has even been spotted in the opinion pages of the Los Angeles Times. It’s surprising because the Times has previously taken...

California’s tax on inherited properties hurts minority communities

Housing. It’s an issue full of inequities that continue to impact minority and Black families in California. Whether it was redlining in the 1930s, a discriminatory practice of denying financial services to residents of certain areas based on their race or ethnicity, or racist language embedded in property records, people...

HOWARD JARVIS GROUP AIMS TO KILL “DEATH TAX”

The Howard Jarvis Taxpayers Association is recruiting an army of volunteers for a new initiative to repeal the “death tax” that was a little-noticed provision in last November’s Proposition 19. HJTA filed the initiative, No. 21-0015, with the attorney general’s office in August and is aiming to qualify the measure...

HJTA Files Initiative to Repeal the Death Tax Imposed by Proposition 19

SACRAMENTO—The Howard Jarvis Taxpayers Association filed an initiative with the attorney general’s office on Thursday that aims to reverse the tax increase on parent-child transfers of property that was part of Proposition 19, a constitutional amendment narrowly passed in November 2020. “Many voters did not realize that Prop. 19 took...

HJTA announces support for ACA 9 to reverse new inheritance tax

The Howard Jarvis Taxpayers Association today announced its strongest support for Assembly Constitutional Amendment 9, introduced by Assemblyman Kevin Kiley (R-Granite Bay) on Monday. ACA 9 would reverse the new inheritance tax on property passed from parents to children, a little-noticed part of Proposition 19 affecting middle-class families that have...

Legislation seeks to delay new tax increase on California property

A new bill that would defer implementation of Proposition 19 – a ballot measure that passed by a small margin in November – is designed to provide relief to families and businesses now facing unexpected tax bills. Proposition 19 would force the reassessment to market value of property transferred within...

PD Editorial: Easing the tax bite from Prop 19

By the Press Democrat Editorial Board Proposition 19 did more than its TV advertising campaign suggested. The measure, backed by the real estate industry, was presented as relief for senior citizens and wildfire victims, who would be allowed to buy new homes while avoiding higher property taxes. As a sweetener,...