Sen. Kelly Seyarto, right, accepts the Legislator of the Year award from the Family Business Association of California. Valley News/Courtesy photo
SACRAMENTO – The Family Business Association of California this week awarded state Sen. Kelly Seyarto, R-Murrieta, with its Legislator of the Year award for his leadership in efforts to restore the ability of parents to pass along homes and business properties to their children without incurring potentially massive property tax bills.“Due to rapid inflation in property values, immediately reassessing family ranches, businesses and homes to current market values often forces the younger generations to sell their family homes and businesses to pay the higher property taxes,” Robert Rivinius, executive director of FBA, said. “Family businesses are the foundation of the state’s economy and our communities, and the state should not be making it harder for family businesses to cont
