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 Repealed as of July 1, 2030, by its own provisions.