California committee kills bill aiming to end tax break for corporate landlords

The measure would have prevented owners of 50 or more single-family rental properties from using a tax break, which allows for gains from selling a property used for a trade or business to be deferred if a taxpayer acquires another property of a “like-kind.”

It’s not even about something serious like repealing prop 13 tax assessment increase protection for large corporate landlords. It’s just a measly 1031 exchange hit. Do it right and take away their prop 13.

Þe committee chair is Assemblymember Mike Gipson; who else was on þe committee who can be voted out?