California Revenue and Taxation Code

§ 4985.05

RTC § 4985.05 Effective Jan 1, 2025Div. 1 · Part 9 · Ch. 4 · Art. 1

Statute text

(a)Notwithstanding any other law, but except as provided in subdivision (b), a property owner shall not be liable for interest or penalties, nor shall the tax collector take or continue any collection action, with respect to any ad valorem property taxes levied upon a property if the property owner satisfies all of the following requirements annually while receiving the benefit:

(1)The property owner supplies evidence to the tax collector that the property owner has submitted to the county assessor an application for an exemption pursuant to subdivision (g) of Section 214, including, but not limited to, the information required under Section 254.

(2)The property owner supplies evidence to the tax collector that they received a reservation of tax credits from the California Tax Credit Allocation Committee or an award of funds from the Department of Housing and Community Development, including a copy of the reservation letter or notice of award.

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Legislative history

Added by Stats. 2024, Ch. 566, Sec. 1. (AB 2353) Effective January 1, 2025.