Real property tax: transfer of base year value: generational transfers: wildfire.
(1) The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property, defined as the county assessor's valuation of real property as shown on the 1975–76 tax bill and, thereafter, the appraised value of the property when purchased, newly constructed, or a change in ownership occurs after the 1975 assessment, subject to an annual inflation adjustment not to exceed 2%. Existing property tax law provides that the purchase or transfer of the principal residence, and the first $1,000,000 of other real property, of a transferor in the case of a transfer between parents and their children, or between grandparents and their grandchildren if all the parents of those grandchildren are deceased, is not a "purchase" or "change in ownership" for purposes of determining the "full cash value" of property for taxation.
California SB 293 (20252026) — Real property tax: transfer of base year value: generational transfers: wildfire.
(1) The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property, defined as the county assessor's valuation of real property as shown on the 1975–76 tax bill and, thereafter, the appraised value of the property when purchased, newly constructed, or a change in ownership occurs after the 1975 assessment, subject to an annual inflation adjustment not to exceed 2%. Existing property tax law provides that the purchase or transfer of the principal residence, and the first $1,000,000 of other real property, of a transferor in the case of a transfer between parents and their children, or between grandparents and their grandchildren if all the parents of those grandchildren are deceased, is not a "purchase" or "change in ownership" for purposes of determining the "full cash value" of property for taxation.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass and be re-referred to the Committee on [Appropriations] — 7–0 (pass) · lower
Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — 5–0 (pass) · upper
Unfinished Business SB293 Pérez Concurrence — 38–0 (pass) · upper
Special Consent — 38–0 (pass) · upper
SB 293 Pérez Senate Third Reading By Harabedian — 76–0 (pass) · lower
Placed on suspense file — 7–0 (pass) · upper
Do pass as amended. — 11–0 (pass) · lower
Do pass — 6–0 (pass) · upper
Sponsors
Pérez — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2025-02-06 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2025-02-07 From printer. May be acted upon on or after March 9.
2025-02-19 Referred to Com. on RLS. referral-committee
2025-03-24 From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
2025-04-02 Re-referred to Com. on REV. & TAX. referral-committee
2025-04-04 Set for hearing April 9.
2025-04-09 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 740.) (April 9). amendment-passage, committee-passage, committee-passage-favorable
2025-04-10 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-1, reading-2, referral-committee
2025-04-17 Set for hearing April 28.
2025-04-28 April 28 hearing: Placed on APPR. suspense file.
2025-05-16 Set for hearing May 23.
2025-05-23 From committee: Do pass. (Ayes 6. Noes 0. Page 1194.) (May 23). committee-passage, committee-passage-favorable
2025-05-23 Read second time. Ordered to third reading. reading-1, reading-2
2025-05-27 Ordered to special consent calendar.
2025-05-29 Read third time. Passed. (Ayes 38. Noes 0. Page 1324.) Ordered to the Assembly. passage, reading-1, reading-3
2025-05-29 In Assembly. Read first time. Held at Desk. reading-1
2025-06-05 Referred to Com. on REV. & TAX. referral-committee
2025-06-16 From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
2025-06-24 June 23 set for first hearing. Placed on REV. & TAX. suspense file.
2025-07-08 From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
2025-07-15 From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (July 14). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-08-20 August 20 set for first hearing. Placed on APPR. suspense file.
2025-08-29 From committee: Do pass as amended. (Ayes 11. Noes 0.) (August 29). amendment-passage, committee-passage, committee-passage-favorable
2025-09-02 Read second time and amended. Ordered to second reading. amendment-passage, reading-1, reading-2
2025-09-03 Read second time. Ordered to third reading. reading-1, reading-2
2025-09-11 Read third time. Passed. (Ayes 76. Noes 0. Page 3320.) Ordered to the Senate. passage, reading-1, reading-3
2025-09-12 In Senate. Concurrence in Assembly amendments pending.
2025-09-12 Assembly amendments concurred in. (Ayes 38. Noes 0. Page 2998.) Ordered to engrossing and enrolling. amendment-passage, committee-passage-favorable
2025-09-23 Enrolled and presented to the Governor at 2 p.m.
2025-10-10 Approved by the Governor. executive-signature
2025-10-10 Chaptered by Secretary of State. Chapter 539, Statutes of 2025. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/6571dd65-206f-4c76-b8cf-2bc4907d5aa9. Confidence: reported (aggregated from official California legislature records).