California Revenue and Taxation Code

§ 69.6

RTC § 69.6 Effective Oct 4, 2023Div. 1 · Part 0.5 · Ch. 2

Statute text

Notwithstanding any other law, on and after April 1, 2021, the following shall apply:

(a)Pursuant to subdivision (b) of Section 2.1 of Article XIIIA of the California Constitution, any person over 55 years of age, any severely and permanently disabled person, or a victim of wildfire or natural disaster who resides in property that is eligible for either the homeowners’ exemption, under subdivision (k) of Section 3 of Article XIII of the California Constitution and Section 218, or the disabled veteran’s exemption, under subdivision (a) of Section 4 of Article XIII of the California Constitution and Section 205.5, may transfer, subject to the conditions and limitations provided in this section, the taxable value of that property to any replacement dwelling that is purchased or newly constructed by that person as their principal residence within two years of the sale by that person of the original property, provided that the taxable value of the original property shall not be transferred to the replacement dwelling until the original property is sold. A person shall not be allowed to transfer the taxable value of a primary residence pursuant to this section more than three times as a claimant who is over 55 years of age or severely or permanently disabled.

(b)In addition to meeting the requirements of subdivision (a), any person claiming the property tax relief provided by this section shall be eligible for that relief only if the following conditions are met:

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Legislative history

Amended by Stats. 2023, Ch. 312, Sec. 4. (SB 890) Effective October 4, 2023.