Brad Marsh, Co-Managing Shareholder of the San Francisco office, and Co-Chair of the U.S. State and Local Tax Practice at Greenberg Traurig, LLP will present with a panel titled "Proposition 19 - Taking Advantage of the Favorable Tax Exclusion Before it Expires."
California voters passed Proposition 19 by a slim margin in last month’s election. Panelists will have a meaningful discussion on how Californians can take advantage before Proposition 19 goes into effect and the law changes. Currently there are two exclusions from reassessment between parents and children, but those will be eliminated in just two short months. Effective February 16, 2021, transfers of California real property between parents and children could have the property tax reassessed leading to an increase.