7.__Newly constructed property.__"Newly constructed property" means real property that is constructed after the April 1, 1999 local assessment.__"Newly constructed property" does not include replacement property.__"Newly constructed property" does not include the portion of reconstruction or improvement to a structure constructed of reinforced masonry bearing wall construction necessary to comply with any local ordinance relating to seismic safety during the first 15 years following the reconstruction or improvement.__"Newly constructed property" does not include the construction or addition of any active solar energy system or the construction or addition of a fire sprinkler system or other fire extinguishing system, fire detection system or fire-related egress improvement that is installed or constructed after the effective date of this article.

8.__Replacement dwelling.__"Replacement dwelling" means a building, structure or other shelter constituting a place of abode or business, whether real or personal property, and any land on which it may be situated.

9.__Replacement property.__"Replacement property" means any real or personal property that is reconstructed after being substantially damaged or destroyed in a disaster, as declared by the Governor, where fair market value of the real or personal property, as reconstructed or purchased, is comparable to its fair market value immediately prior to the disaster.

10.__Substantially damaged or destroyed property.__ "Substantially damaged or destroyed property" means real or personal property that sustains physical damage amounting to 50% of its value immediately before a disaster, as declared by the Governor.

11.__Transfer between parent and child.__"Transfer between parent and child" means the purchase or transfer, either voluntarily or as a result of a court order or judicial decree, of the principal residence and the first $1,000,000 of the full- cash value of all other real or personal property between a parent and child.

12.__Transfer between spouses.__"Transfer between spouses" means a transfer or purchase of real or personal property, on or after April 1, 1999, between spouses.__"Transfer between spouses" includes, but is not limited to: