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SPECIAL GUEST SPEAKER: Ted Gaines --- District 1 State Board of Equalization Representative
Ted Gaines, elected Member representing the 1st District on the California Board of Equalization will be our keynote speaker at our March 17th meeting. Senator Gaines will speak to the pocketbook issues brought on now by the passage last November of Proposition 19 - The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act.
Understanding this new law will be important for all of us who pay property taxes, contemplate a move, have a family farm, may die leaving real property to family, or have thought of giving our home to a child or grandchild. Many thought Prop 19, while protecting Prop 13, would also provide homeowners additional benefits but did not realize that some prior advantageous tax provisions would also disappear.
Although Prop 19 had a beguiling title, its text contained many ambiguous phrases, undefined terms, and undefined implementation guidelines. These weaknesses have come to light as County Assessors seek guidance from the legislature (which dreamed up Prop 19 initially as Assembly Constitutional Amendment No. 11) and the Board of Equalization which is charged with assisting and advising Assessors. According to Gaines, Prop 19 has turned out to be a mixed bag in which the bad outweighs the good.
In other bad news, there were bad bills passed and signed into law in 2020 which Gaines will highlight. These new laws make it harder to do business in California rather than easing burdens during the pandemic, and additional laws which will raise prices or even drive businesses out of state.
Twice last year Ted Gaines was our confirmed speaker. And twice circumstances beyond our control required that our meetings be cancelled. The Governor’s first covid lockdown and later smoke and unhealthy air from the Jones Fire shut down our meetings in March and September. So, come hell or high water, let’s welcome our former state Assemblyman and former state Senator Ted Gaines back to Nevada County.
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