Proposed Amendments to Property Tax Rule 462.520, Exclusion from Change in Ownership – Intergenerational Transfers
The State Board of Equalization proposes to adopt Property Tax Rule 462.520, Exclusion from Change in Ownership – Intergenerational Transfers, this Rule implements, interprets, and makes specific California Constitution, Article XIII A, section 2.1, subdivision (c). For additional information on the Interested Parties Process for this rulemaking effort, please refer to its Property Tax page.
| Date | Description of Task |
|---|---|
| 04/27/2021 | Approval by the Board to Publish Notice |
| 05/17/2021 | Staff submitted initial rulemaking documents to OAL. |
| 07/02/2021 | Notice of Modifications to Proposed Rule |
| 07/27/2021 | Public Hearing held at July 27, 2021 Board Meeting The Board adopted the amendments to Rule 462.500 |
| 08/06/2021 | Final rulemaking package submitted to Office of Administrative Law |
| 10/20/2021 | Rule 462.500 amendments approved by Office of Administrative Law |
| 01/01/2022 | Effective date of proposed property tax rule. Staff issued LTA No. 2021/054 on December 3, 2021 and updated the Board's Property Tax Rules. |
For the full list and status of pending regulations, please see the Status of Board of Equalization's Proposed Rules and Regulations.
To learn more about the rulemaking process, please see Rulemaking Protocol.