California Revenue and Taxation Code

§ 480.6

RTC § 480.6 Effective Jul 17, 1996Div. 1 · Part 2 · Ch. 3 · Art. 2.5

Statute text

(a)Notwithstanding any other provision of law, a holder of a possessory interest in real property that is owned by a state or local governmental entity is not required to file a preliminary change in ownership report or change in ownership statement with respect to any renewal of that possessory interest. Instead, every state or local governmental entity that is the fee owner of real property in which one or more taxable possessory interests have been created shall either file any preliminary change in ownership report or change in ownership statement otherwise required to be filed with respect to any renewal of a possessory interest, or annually file with the county assessor, no later than the 15th day of the first month following the month in which the lien date occurs, a real property usage report. The report shall include all of the following information:

(1)The name and address of the fee owner of the real property.

(2)The name and address of each holder of a possessory interest in the real property.

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Legislative history

Amended by Stats. 1996, Ch. 171, Sec. 4. Effective July 17, 1996.