Senate Bill 668 would give families more time to plan for their financial futures. Proposition 19, which narrowly passed in November 2020, removed from the state constitution most protections from reassessment when property is transferred between parents and children, or grandparents and grandchildren. It took effect February 16, 2021, giving Californians little time to consult with family members, attorneys or tax professionals to plan for these sudden, harsh changes to property tax liability for the next generation. SB 668 is a proposed law that would continue the protection against tax increases for intergenerational transfers of property until February 16, 2023. HJTA is sponsoring this legislation. SB 668 was heard in the Senate Governance and Finance Committee on May, 6, 2021. While no action was taken, committee chair Sen. Mike McGuire pledged to work with Sen. Bates to address the issues created by Proposition 19. You can help by calling Sen. McGuire at 916-651-4002 and urging him to act quickly to protect California families by giving them more time to plan for changes to property tax rules.