California Revenue and Taxation Code

§ 5081

RTC § 5081Div. 1 · Part 9 · Ch. 4 · Art. 5

Statute text

As used in this article, “exempt property” means:

(a)Property acquired by the United States that becomes exempt from taxation under the laws of the United States.

(b)Property acquired by the state or by a county, city, school district, or other public entity, that becomes exempt from taxation under the laws of the state.

Legislative history

Added by Stats. 1979, Ch. 31.