Proposition 19 – The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act

I've been asking by clients about Proposition 19, which was passed by California voters on Nov 3rd, 2020. It became effective on Dec 16th, 2020. The tax transfer benefits will go into effect on April 1, 2021. The intergenerational family transfer rules will become operative and apply to transactions on Feb 16th, 2021.

 

Please click here on California State Board of Equalization's Website to see all the details.