State Sen. Seyarto hosts a news conference to repeal the death tax and restore taxpayer protections

Valley News/Courtesy photo
SACRAMENTO – State Sen. Kelly Seyarto, R-Murrieta, hosted a news conference Tuesday, May 2, on Senate Constitutional Amendment 4, a constitutional amendment that would restore taxpayers’ property rights allowing Californians to keep their childhood homes and family businesses when their parents or grandparents die.In 2020, Proposition 19 capped the value of family homes that could be inherited with their Proposition 13 tax base to 1 million dollars and restricted the ability for parents to transfer property to their children by adding a requirement that they live in the home for the remainder of their life.Before Proposition 19’s passage, both parents and grandparents could pass their homes and businesses to their children and grandchildren without such implications, giving f
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