California legislation · 2025-2026 Regular Session
California SB974: Property taxation: change in ownership: generational transfers: special needs trusts.
Status: Chaptered, September 27, 2026
What the bill says
An act to amend Section 63.2 of the Revenue and Taxation Code, relating to taxation. taxation Property taxation: change in ownership: generational transfers: special needs trusts…
From the chaptered text, September 27, 2026:
An act to amend Section 63.2 of the Revenue and Taxation Code, relating to taxation. taxation Property taxation: change in ownership: generational transfers: special needs trusts. The California Constitution limits the amount of ad valorem taxes on real property to 1% of the full cash value of that property, defined as the county assessor’s valuation of real property as shown on the 1975–76 tax bill and, thereafter, the appraised value of the property when purchased, newly constructed, or a change in ownership occurs after the 1975 assessment, subject to an annual inflation adjustment not to exceed 2%. Existing property tax law, pursuant to specified provisions of the California Constitution, provides that the purchase or transfer of real property that is the principal residence or a family farm, as those terms are defined, of an eligible transferor in the case of a purchase or transfer between parents and their children, or between grandparents and their grandchildren if all the parents of that grandchild or those grandchildren are deceased as of the date of purchase or transfer, is not a “purchase” or “change in ownership” for purposes of determining the “full cash value” of property for taxation, as provided. Existing law defines “transfer” for these purposes to include, but not be limited to, any transfer of the present beneficial ownership of property …
Sponsors
- Kelly Seyarto (R, SD32) · primary sponsor
Latest actions
- : Chaptered by Secretary of State. Chapter 665, Statutes of 2026.
- : Approved by the Governor.
- : Enrolled and presented to the Governor at 3 p.m.
- : Assembly amendments concurred in. (Ayes 40. Noes 0. Page 5986.) Ordered to engrossing and enrolling.
- : Assembly amendments concurred in. (Ayes 39. Noes 0.) Ordered to engrossing and enrolling.
- : Ordered to special consent calendar.
- : In Senate. Concurrence in Assembly amendments pending.
- : Read third time. Passed. (Ayes 76. Noes 0. Page 6371.) Ordered to the Senate.
- : Read third time. Passed. Ordered to the Senate.
- : Read second time. Ordered to third reading.
Votes
- Special Consent SB974 Seyarto (August 27, 2026): 40 yea, 0 nay, passed
- SB 974 Seyarto Senate Third Reading By Lackey (August 24, 2026): 76 yea, 0 nay, passed
- Do pass. (July 1, 2026): 11 yea, 0 nay, passed
- Do pass as amended and be re-referred to the Committee on [Appropriations] (June 8, 2026): 7 yea, 0 nay, passed
- Consent Calendar 2nd SB974 Seyarto (April 23, 2026): 37 yea, 0 nay, passed
- Do pass, but first be re-referred to the Committee on [Health] with the recommendation: To Consent Calendar (April 8, 2026): 5 yea, 0 nay, passed
Common questions
- What is SB974?
- SB974 is a bill in the California Legislature (2025-2026 Regular Session): Property taxation: change in ownership: generational transfers: special needs trusts.
- What does SB974 do?
- In its own words: An act to amend Section 63.2 of the Revenue and Taxation Code, relating to taxation. taxation Property taxation: change in ownership: generational transfers: special needs trusts…
- What is the status of SB974?
- Chaptered as of September 27, 2026. Latest action: Chaptered by Secretary of State. Chapter 665, Statutes of 2026. (September 27, 2026).
- Who sponsored SB974?
- Kelly Seyarto (R, SD32).
- Where is the official record for SB974?
- On the California Legislature website: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB974
Source: official California record. Tracked by Delilah, AI for legislation across all 50 states and Congress.