Introduced
by
To exempt from the Proposal A “pop-up” the sale of a home that will be the principal residence of a person whose previous home was taken in a government eminent domain process. The “pop-up” is where the state equalized value (SEV, meaning market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the bill be referred to the Committee on Urban Policy.
