This morning, I hosted a press conference on SCA 4, a constitutional amendment that would restore taxpayers’ property rights, allowing Californians to keep their childhood homes and family businesses when their parents or grandparents pass away.
In 2020, Proposition 19 narrowly passed on the ballot with the title “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act.”
As voters soon discovered, part of Prop 19 had a hidden implication which repealed an important taxpayer protection from the California Constitution that taxpayers have relied on for decades.
It changed the way intergenerational transfers of property were handled, all to the detriment of Californians who had worked so hard for many years to solidify a future for themselves and their families.
Proposition 19 capped the value of family homes that could be inherited with their Prop 13 tax base to 1 million dollars and restricted the ability for parents to transfer property to their children by adding a requirement that they live in the home for the remainder of their life.
This means that under current law, if a family works hard to acquire a home, when it comes time to let the next generation reap the benefits, they can be met with an unsustainable property tax bill. This often leads to families being forced to sell their homes or close down a business.
Simply put, Prop 19 resurrected the death tax.
We should be making it easier for Californians to inherit property without asking them to absorb the burden of additional taxes.
Upward economic mobility cannot be achieved unless we let people own what they create through decades of hard work.
Several speakers joined me in support of the measure including Jon Coupal, President of the Howard Jarvis Taxpayers Association.
“SCA 4 would reinstate Propositions 58 and 193, giving Californians back those protections of being able to inherit property from parents and grandparents,” said Coupal. “Prop 58 was passed by unanimous vote in both houses. They put it on the ballot, and the voters supported it by 76%. It’s clear that voters in this state want to restore that protection.”
SCA 4 has one purpose, to RESTORE PROTECTIONS FOR TAXPAYERS and to keep the intrusive reach of the government away from their family inheritance.
SCA 4 is for the taxpayer who has worked hard to build a better life for their family.
Please take a moment to SIGN THIS PETITION to support SCA 4 so we can bring this measure back to the people and restore taxpayer protections.
You can view the press conference HERE
Thank you. It is my honor to serve our 32nd District.
<d