Cancellation of Taxes on Exempt Property
Applied in 1 court decision — leading case 149 Cal. App. 4th 950 - L&B REAL ESTATE v. Housing Authority (2007)
Most recently applied in 149 Cal. App. 4th 950 - L&B REAL ESTATE v. Housing Authority (April 2007)
Added by Stats. 1985, Ch. 650, Sec. 2.
Every public entity shall do all of the following:
(a) Provide the local assessor and auditor a copy of the instrument evidencing the acquisition of property by the entity.
(b) Indicate on the instrument referred to in subdivision (a) the date of apportionment.
(c) Request the auditor to cancel taxes for the remaining portion of the fiscal year after the date of apportionment.
(d) Provide a map of the acquired property.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.