SACRAMENTO – Senator Ted Gaines (R-El Dorado) today announced that Senate Constitutional Amendment 19, legislation that would allow veterans to transfer their Prop. 13 baseline valuations when purchasing a new property, passed out of the Senate Committee on Elections and Constitutional Amendments.
“SCA 19 offers a well-deserved benefit to California’s veterans who risk their lives to defend our nation and safeguard our freedom,” said Senator Gaines. “California’s sky-high property costs are a burden to veterans and their families, and this bill will provide some relief to those who have honorably served our country.”
Californians suffer with some of the highest housing prices in the nation. Because of those high costs, California has the 15th-highest property taxes in the country, even with Prop. 13 tax protections.
SCA 19 will allow honorably discharged veterans of any age to transfer their Prop. 13 base-year property tax valuation when they purchase an owner-occupied new or replacement home, making home ownership more affordable and more widely available to veterans.
California currently allows similar exemptions for disabled homeowners and homeowners over 55, and the state provides veterans benefits in hiring, home lending, and other areas, all to show appreciation of their service and to encourage others to join our all-volunteer military force. This bill is consistent with those other efforts.