This is a critical election for the protection of Proposition 13.

Your help is needed immediately.
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** Taxpayer RED ALERT: Call the Assembly and urge a NO vote on ACA 11 - Protect parent-child transfers from huge tax hikes
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On Thursday, the state Senate voted to advance ACA 11 (identical to SCA 2), and sent it to the Assembly for a vote on Friday. Your help is needed immediately to stop this dangerous proposal.

Assembly Constitutional Amendment 11 has been misleadingly named, “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act.”

If the name was truthful it would be called the “Repeals Prop. 58 and Raises Taxes on Property Transferred Between Parents And Children Act.”

Proposition 58 was approved by voters in 1986 with 75.7% of the vote. It provided for certain property transferred between parents and children to be excluded from reassessment. This allowed parents and children to transfer ownership of a home and up to $1 million of assessed value of other property, such as a business, rental home or small apartment building, without an increase in property taxes.

ACA 11 WOULD ABOLISH PROPOSITION 58. All property transferred between parents and children would be reassessed to market value, with the sole exception of a home that becomes the principal residence of the person to whom it is transferred. And even that exclusion is capped. In many areas of California, typical family homes are already above the cap in value.

ACA 11 WOULD ABOLISH PROPOSITION 193. Property transferred between grandparents and grandchildren is similarly protected from reassessment if the children’s parents are deceased. ACA 11 would repeal this important protection for families that have suffered a loss.

This proposed constitutional amendment is similar to an initiative backed by the California Association of Realtors, which has already qualified for the ballot. The Realtors want to substitute this version, which has new provisions added to gain more support from special interests.

The Legislative Analyst’s Office has reviewed the initiative and projects that 40,000 to 60,000 families per year will pay higher property taxes under these new rules, eventually totaling as much as $2 billion in tax increases on California families.

ACA 11 MUST BE STOPPED. It has already passed the Senate and now needs a two-thirds vote in the Assembly to get on the November ballot. If it gets on the ballot, it needs only a simple majority to pass.

CALL YOUR STATE ASSEMBLY REPRESENTATIVE. You can find their names and contact information by going online to [link removed], or use this link to see a complete list of Assembly members:

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ACA 11 is moving so fast that some lawmakers may not even be aware of it. Let them know about this serious threat to California families. Protect the parent-child transfer. Protect the grandparent-grandchild transfer. Save Propositions 58 and 193. VOTE NO ON ACA 11.

Please call NOW!

Thank you for standing up for taxpayers and for California families.

With urgent thanks,

Jon
P.S. Be sure to call your representative as soon as possible! This is moving quickly.

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