State GovernmentMeasure To Eliminate California’s ‘Moving Penalty’ Qualifies For November BallotMay 17, 2018 | Chris NicholsSupporters say the initiative would give homeowners 55 and up a property tax discount when they buy a pricier home. That, in turn, could ease the state’s housing crunch by freeing up inventory for younger buyers. Listen /Update RequiredTo play audio, update browser or Flash plugin.