California § 502. 502. (Added by Stats. 1967, Ch. 1418.)

California Statutes

§ 502. — 502. (Added by Stats. 1967, Ch. 1418.)

California § 502.

JurisdictionCalifornia

Code RTCRevenue and Taxation Code - RTC

Div. 1.DIVISION 1. PROPERTY TAXATION

Part 2.PART 2. ASSESSMENT

Ch. 3.CHAPTER 3. Assessment Generally

Art. 3.ARTICLE 3. Arbitrary and Penal Assessments

This text of California § 502. (502. (Added by Stats. 1967, Ch. 1418.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Revenue and Taxation Code - RTC Code § 502. (2026).

Text

If any person willfully conceals, fails to disclose, removes, transfers or misrepresents tangible personal property to evade taxation which results in an assessment lower than that which would otherwise be required by law, the assessor on discovery shall assess the property in the lawful amount and impose the penalty provided for in Section 504.

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