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CA SB293

CA SB293
Real property tax: transfer of base year value: generational transfers: wildfire.


summary

Introduced
02/06/2025
In Committee
08/29/2025
Crossed Over
05/29/2025
Passed
10/10/2025
Dead
Signed/Enacted/Adopted
10/10/2025

Introduced Session

2025-2026 Regular Session

Bill Summary

An act to amend Sections 63.1 and 63.2 of the Revenue and Taxation Code, relating to taxation.

AI Summary

This bill modifies California property tax law to provide relief for property owners affected by specific wildfires in 2025, specifically the Palisades, Eaton, Hurst, Lidia, Sunset, and Woodley Fires. The bill allows property owners to file claims for property tax exclusions within three years after receiving a supplemental or escape assessment related to these fires, instead of the standard six-month filing period. This extended filing period applies only to claims filed before January 1, 2031, and is specifically applicable when the property was reassessed due to fire damage and the property transfer occurred before the fire but was not previously recorded. Additionally, the bill clarifies provisions for property transfers between family members, such as parents, children, and grandparents, allowing more flexible filing of homeowners' or disabled veterans' exemptions. The bill is particularly tailored to address the unique circumstances of Los Angeles County and includes a provision that if the state determines the bill imposes additional costs on local agencies, those costs will be reimbursed according to existing state mandate reimbursement procedures.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Chaptered by Secretary of State. Chapter 539, Statutes of 2025. (on 10/10/2025)

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