California Revenue and Taxation Code

§ 100.11

RTC § 100.11 Effective Jan 1, 2007Div. 1 · Part 0.5 · Ch. 6 · Art. 6

Statute text

(a)Notwithstanding any other law, for the 2007–08 fiscal year and for each fiscal year thereafter, property tax assessed value attributable to unitary property, as defined in Section 723, of a regulated railway company that is assessed by the State Board of Equalization, shall be allocated to tax rate areas as follows:

(1)With respect to the value of a qualified facility, both of the following apply:

(A)An amount of value equal to 20 percent of the original cost of the qualified facility shall be allocated exclusively to those tax rate areas in the county in which the facility is located. The tax rates applied to this value shall be the rates described in Section 93.

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Legislative history

Added by Stats. 2006, Ch. 791, Sec. 3. Effective January 1, 2007.