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BOE seeks $154,000 to implement wildfire‑related Prop 13 intergenerational transfer change
Summary
The Board of Equalization asked the subcommittee for $154,000 one‑time to implement SB 293, which extends time for wildfire‑affected families to claim Prop 13 intergenerational base‑year transfers; BOE said Los Angeles County estimates thousands of affected homes but the count of unrecorded transfers remains unknown.
The State Board of Equalization told the Senate subcommittee it needs $154,000 in one‑time funding to implement Senate Bill 293, which grants additional time to wildfire‑affected homeowners to claim intergenerational transfers of an advantageous Prop 13 property tax base when deed recordings were missed.
David Young, deputy director of BOE's property tax department, said the agency…
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