California Revenue and Taxation Code

§ 254.5

RTC § 254.5 Effective Jun 27, 2018Div. 1 · Part 2 · Ch. 1 · Art. 2

Statute text

(a)Claims for the welfare exemption and the veterans’ organization exemption shall be filed on or before February 15 of each year with the assessor. The assessor may not approve a property tax exemption claim until the claimant has been issued a valid organizational clearance certificate pursuant to Section 254.6. Financial statements shall be submitted only if requested in writing by the assessor.

(b)(1) The assessor shall review all claims for the welfare exemption to ascertain whether the property on which the exemption is claimed meets the requirements of Section 214. The assessor shall also review all claims for the veterans’ organization exemption to ascertain whether the property on which the exemption is claimed meets the requirements of Section 215.1. In this connection, the assessor shall consider, among other matters, whether:

(A)Any capital investment of the owner or operator for expansion of a physical plant is justified by the contemplated return thereon, and required to serve the interests of the community.

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Legislative history

Amended by Stats. 2018, Ch. 37, Sec. 56. (AB 1817) Effective June 27, 2018.