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Bill would extend deadline to record intergenerational transfers after disasters to protect family-held homes
Summary
Sen. (presenter) introduced SB 293 to extend the filing deadline from six months to three years for certain property-transfer paperwork after qualifying disasters; committee referred the bill to the suspense file after supportive testimony from assessors and community groups.
Sen. (presenter identified in the hearing) presented SB 293, described as the Generational Homeownership Protection Act, to allow homeowners affected by a declared emergency more time to update property-transfer records necessary to preserve exclusions from reassessment.
The author said many family properties passed down without recorded title transfers risk losing preferred…
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