Property taxation: change in ownership: generational transfers: special needs trusts.

Summary

The bill changes California property tax rules so that a primary residence or family farm transferred between parents and children, or grandparents and grandchildren (when the intervening parents are deceased), is not treated as a change in ownership for tax purposes. It also lets county assessors recognize eligibility for disabled‑person tax benefits when they receive a certifying letter for a special‑needs trust. This helps keep property taxes low for families and disabled individuals during generational transfers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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