The California Legislature has advanced a massive tax increase

At your request: This week's California Commentary by Jon Coupal
View this email in your browser ([link removed])
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fwww.ocregister.com%2F2020%2F07%2F04%2Fproposition-19-is-latest-assault-on-taxpayers%2F Tweet ([link removed]: https%3A%2F%2Fwww.ocregister.com%2F2020%2F07%2F04%2Fproposition-19-is-latest-assault-on-taxpayers%2F)
[link removed] Forward ([link removed])
[link removed]

[link removed]


** California Commentary
------------------------------------------------------------

You are receiving this email because you subscribed on the HJTA website, or you provided your address in response to direct mail. Please see the bottom of this message to unsubscribe.


** Proposition 19 is latest assault on taxpayers
------------------------------------------------------------

By Jon Coupal

The assaults on California property owners and taxpayers never stop. And once again the California Legislature has advanced a massive tax increase at the last possible moment when they thought no one was paying attention.

Assembly Constitutional Amendment No. 11 (ACA11), approved by the California Legislature, takes away Proposition 13 protections that California families have under current law and replaces them with a billion-dollar tax increase. Voters will have an opportunity to reject this scheme come November, as ACA11 will appear on the ballot as Proposition 19.

After the historic passage of Proposition 13 in 1978, Californians finally had certainty about their future property tax liability because increases in the “taxable value” of property were limited to 2 percent per year. Property would be reassessed to market value only when it changed hands. To prevent families from getting hit with huge tax increases, voters overwhelmingly passed Proposition 58 in 1986, changing the state constitution to ensure that transfers of certain property between parents and children could occur without triggering the sticker shock of reassessment.

Under Prop. 58, a home of any value and up to a million dollars of assessed value of other property may be transferred between parents and children without reassessment. Proposition 19 (2020) would repeal Proposition 58 (1986) and force the reassessment of inherited or transferred property within families. The only exception is if the property is used as the principal residence of the person to whom it was transferred, and even that exclusion is capped.

To read the entire column, please click here ([link removed]) .
A note to our valued members and supporters: To increase the reach of our message to as many Californians as possible, HJTA made an agreement with the Southern California News Group papers to carry Jon Coupal's weekly column. The newspapers in the group, including the Orange County Register and the Los Angeles Daily News, have added a paywall that allows only a limited number of page views per month, and then asks readers to become subscribers. HJTA is not marketing these subscriptions or receiving any payment from them. The columns are exclusive to SCNG's papers for one week and then are posted in full on HJTA's own website, www.hjta.org ([link removed]) , under "California Commentaries," where you can read them at your convenience, or read Jon's column online in all the SCNG papers at these links:
www.whittierdailynews.com/opinion ([link removed])
www.dailybulletin.com/opinion ([link removed])
www.redlandsdailyfacts.com/opinion ([link removed])
www.sgvtribune.com/opinion ([link removed])
www.ocregister.com/opinion ([link removed])
www.pe.com/opinion ([link removed])
www.dailynews.com/opinion ([link removed])
www.pasadenastarnews.com/opinion ([link removed])
www.sbsun.com/opinion ([link removed])
www.dailybreeze.com/opinion ([link removed])
www.presstelegram.com/opinion ([link removed])
Jon Coupal is the President of the Howard Jarvis Taxpayers Association (HJTA). He is a recognized expert in California fiscal affairs and has argued numerous tax cases before the courts.
HJTA is totally dependent on the voluntary support of California taxpayers.
Please consider a donation now to help us continue our work on your behalf.
[link removed]
[link removed]

============================================================
Don't Forget To Follow Us On Social Media
** Facebook ([link removed])
** Facebook ([link removed])
** Twitter ([link removed])
** Twitter ([link removed])
** Website ([link removed])
** Website ([link removed])
** Instagram ([link removed])
** Instagram ([link removed])
** Pinterest ([link removed])
** Pinterest ([link removed])

Copyright © 2020 Howard Jarvis Taxpayers Association. All rights reserved.
621 S. Westmoreland Avenue, Suite 200, Los Angeles, CA 90005

** unsubscribe from this list ([link removed])
** update subscription preferences ([link removed])

This email was sent to [email protected] (mailto:[email protected])
why did I get this? ([link removed]) unsubscribe from this list ([link removed]) update subscription preferences ([link removed])
Howard Jarvis Taxpayers Association . 621 South Westmoreland Avenue, Suite 200 . Los Angeles, CA 90005 . USA