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California Revenue and Taxation Code

§ 242

RTC § 242 Effective Jan 1, 2025Div. 1 · Part 2 · Ch. 1 · Art. 1

Statute text

View on leginfo.ca.gov
(a)There is exempted from the taxes imposed by this part qualified property for use in space flight.
(b)For purposes of this section:
(1)“Qualified property” means any of the following:
…

Legislative history

Amended by Stats. 2024, Ch. 80, Sec. 119. (SB 1525) Effective January 1, 2025. Inoperative after the January 1, 2029, lien date, as provided in subd. (d). Repealed as of July 1, 2030, by its own provisions.

Source: California Revenue and Taxation Code § 242 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.