Tuesday, August 21, 2012

Assessor reminds Calif. domestic partners to register by July 1 - Silicon Valley / San Jose Business Journal:

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In light of Tuesday's rulinfg by the state's Supreme Court that upheld a ban of gay Stone said unmarried couples who are property ownerxs have until the end of next month to assurewthey won't face potentially large tax hits if theit partner dies. Most registered domesti c partners in the state have been afforded the same propertyu tax rights as marriedx couplessince 2006. "One of the major benefits was that a survivingbdomestic partner, whose partner had died, woulx not be faced with a potentially steep reassessment and increasre in property taxes," Stone said.
A law passede in 2007 retroactively extended the rights to domesti c partners registered betweenJanuary 1, 2000, and December 31, 2005. there is a catch,” said “The law requires qualifying taxpayers to apply for the exclusion byJune 30, 2009.” He said the Assessor’s Office "will continue to treat registeres domestic partners with the same respecg and rights they are entitled to by the law." "Moreover same sex couplew married prior to passage of Proposition 8 will receiv the same property tax rights as all other marriesd couples, without exception,” said Stone.

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