California Statutes
§ 275.5. — 275.5. (Amended by Stats. 1998, Ch. 695, Sec. 3.)
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. 2.5. ARTICLE 2.5. Late Exemption Claims
If a person claiming classification of a vessel as a documented vessel eligible for assessment under Section 227 fails to file the affidavit required by Section 254 by 5 p.m. on February 15 of the calendar year in which the fiscal year begins, but files that affidavit on or before the following August 1, the assessment shall be reduced in a sum equal to 80 percent of the reduction that would have been allowed had the affidavit been timely filed.
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California § 275.5. (275.5. (Amended by Stats. 1998, Ch. 695, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1998, Ch. 695, Sec. 3. Effective January 1, 1999.