Introduced by Rep. John Stakoe (R) on March 13, 2007, to exclude from the Proposal A taxable value "pop up" a transfer of real property from a parent to a child. The “pop-up” is a provision of the 1994 Proposal A property tax assessment cap in which the state equalized value (market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner, which is lower.
Referred to the House Tax Policy Committee on March 13, 2007.
1) Wrong Bill by Anonymous Citizen on March 31, 2007 The 18 month moratorium on pop up is HB 4440 and the tie bar bill is 4441. I don't think this bill (4445) is linked to any of those. Reply
2) Fine Print?? by Anonymous Citizen on March 31, 2007 I read thru the proposed bill and don't see anything about an 18 month limitation - where can that be found? Reply
3) Perfect!!!! by Anonymous Citizen on March 31, 2007 This is exactly what is needed to be able to preserve family property. This is a step in the right direction to preserve family values! I'm tired of government not making any distinction between a complete stranger and a family member. Reply