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How California’s Inheritance Tax Hurts Affordable Housing | Susan Shelley

In February 2021, Proposition 19 went into effect in California. Those who inherit property have one year to make it their permanent residence; otherwise, it will be reassessed at market value, which leads to a significant tax increase.

My guest is Susan Shelley, vice president of communications for the Howard Jarvis Taxpayers Association. She explains the consequences of Proposition 19 and discusses her organization’s initiative to repeal it.

 

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