California Statutes

§ 201.3. — 201.3. (Added by Stats. 1987, Ch. 1412, Sec. 1.)

California·Code RTC Revenue and Taxation Code - RTC·Div. 1. DIVISION 1. PROPERTY TAXATION·Part 2. PART 2. ASSESSMENT·Ch. 1. CHAPTER 1. Taxation Base·Art. 1. ARTICLE 1. Taxable and Exempt Property
Property which is exclusively devoted to public purposes and is owned by a nonprofit entity, in which a chartered city with a population of over 750,000 and located in a county of the third class has the sole ownership interest shall be deemed to be property owned by the chartered city. This section shall not be construed to exempt from ad valorem property taxation property of the chartered city located outside of its boundaries.

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California § 201.3. (201.3. (Added by Stats. 1987, Ch. 1412, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1987, Ch. 1412, Sec. 1. Applicable July 1, 1988, by Sec. 3 of Ch. 1412.

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