Real property tax: Personal Income Tax Law: homeowners’ exemption: renter’s credit.

Summary

SB 566 would raise the California homeowner’s exemption from $7,000 to $50,000 for owners age 62 or older, beginning the 2026‑27 fiscal year. It also boosts the state renter’s credit to $550 for qualifying joint‑filers and $275 for other eligible renters, again limited to seniors with low adjusted gross income. The bill adds reporting rules and states that the state will not reimburse local jurisdictions for any property‑tax revenue loss caused by the changes.

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Vote

May 14 set for first hearing. Failed passage in committee. (Ayes 1. Noes 1. Page 1082.) Reconsideration granted. · May 14, 2025

Hearings

• Revenue and Taxation Committee Hearing
  Revenue and Taxation · May 14, 2025

History

1. Feb 2, 2026Returned to Secretary of Senate pursuant to Joint Rule 56.
2. May 14, 2025May 14 set for first hearing. Failed passage in committee. (Ayes 1. Noes 1. Page 1082.) Reconsideration granted.
3. May 1, 2025From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
4. Mar 18, 2025Set for hearing May 14.
5. Mar 5, 2025Referred to Com. on REV. & TAX.
6. Feb 21, 2025From printer. May be acted upon on or after March 23.
7. Feb 20, 2025Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

• Grove · sponsor
• Alanis

Bill text

Opens the legislature’s own copy.

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