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Assembly Approves Monrovia Assembly Member's Bills

~ The Assembly today unanimously approved Assemblymember Chris Holden's bill would create a partnership between high schools and community colleges to allow students to take college-level courses at their high schools or on community college campuses. The vote was 75 to 0.

~ The Assembly has overwhelmingly approved legislation authored by Assemblymember Chris Holden to allow those over age 55 or the disabled to transfer the base value of their property to a new residence as long as the new house is in the same county and costs less than the old residence's sale price. Currently, California seniors over 55 and disabled adults are permitted to transfer the assessed value of their present home to a new home - but only one spouse or partner can claim the tax transfer. AB 1378 ensures both property owners in a recognized partnership are entitled to the base tax transfer.

Holden represents Monrovia. Source: Holden press release

- Brad Haugaard

1 comment:

  1. I wonder how this impact Prop 60/90 which allows you to transfer the property tax assessment to a replacement property in another county. For someone looking to retire out of more expensive counties into a cheaper area that was the real benefit to me and most people.