Tanu Henry and Edward Henderson | California Black Media
State Sen. Kelly Seyarto (R-Murrieta) recently held a press conference on SCA 4, a constitutional amendment that would restore taxpayers’ property rights. This would allow Californians to keep their family business and childhood homes after their parents or grandparents pass away.
“This legislation has one purpose, to restore protections for taxpayers and to keep the intrusive reach of the government away from their family inheritance,” said Seyarto. “I urge everyone to join with us, contact your representatives and tell them to vote yes on SCA 4 so we can bring this measure back to the people and restore taxpayer protections.”
In 2020, Proposition 19 capped the value of family homes that could be inherited with their Prop 13 tax base to $1 million. It also added a requirement that parents must live in the home for the remainder of their life to transfer the property to their children.
Prior to Prop 19’s passage, both parents and grandparents were able to pass their homes and businesses to their children and grandchildren without additional requirements.
“Prop 19 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,” said Seyarto. “Simply put, Prop 19 resurrected the death tax.”