The Repeal the Death Tax Act, a 2022 California proposed ballot initiative, was cleared for signature circulation by the secretary of state’s office.
The initiative would repeal certain components of Proposition 19, which passed in 2020. The proposition made changes to property tax benefits for families, seniors, severely disabled persons and victims of natural disasters.
The Repeal the Death Tax Act would amend provisions related to intergenerational transfers of real property and provide additional exemptions from property tax reassessment for nonresidential real property, according to the California Cattlemen’s Association.
The initiative has until May 3 to obtain a little over 997,000 valid signatures to make it on the 2022 ballot.
