California Revenue and Taxation Code
§ 70
RTC § 70 Effective Sep 26, 2008Div. 1 · Part 0.5 · Ch. 3
Statute text
View on leginfo.ca.gov(a)“Newly constructed” and “new construction” means:
(1)Any addition to real property, whether land or improvements, including fixtures, since the last lien date; and
(2)Any alteration of land or of any improvement, including fixtures, since the last lien date that constitutes a major rehabilitation thereof or that converts the property to a different use.
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Legislative history
Amended by Stats. 2008, Ch. 336, Sec. 1. Effective September 26, 2008. Operative June 9, 2010, by Sec. 5 of Ch. 336, pursuant to adoption of Prop. 13 (SCA 4) at the June 8, 2010, election.