California Revenue and Taxation Code

§ 227

RTC § 227 Effective Jan 1, 2001Div. 1 · Part 2 · Ch. 1 · Art. 1

Statute text

A documented vessel, as defined in Section 130, shall be assessed at 4 percent of its full cash value only if the vessel is engaged or employed exclusively in any of the following:

(a)In the taking and possession of fish or other living resource of the sea for commercial purposes.

(b)In instruction or research studies as an oceanographic research vessel.

…

Legislative history

Amended by Stats. 2000, Ch. 647, Sec. 4. Effective January 1, 2001.