Is Cal. Rev. & Tax. Code § 214.09 — Taxable and Exempt Property still in force?

Statute · California Revenue and Taxation Code

Cal. Rev. & Tax. Code § 214.09 — Taxable and Exempt Property

Cal. Rev. & Tax. Code § 214.09

Type: Statute
Source: California Revenue and Taxation Code
Jurisdiction: California
Date: 2015-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

For purposes of Sections 214.06, 214.07, and 214.08, all of the following shall apply:

Citator

Cal. Rev. & Tax. Code § 214.09 — Taxable and Exempt Property is in force in the current edition of the Code, and nothing recorded condemns it.

For purposes of Sections 214.06, 214.07, and 214.08, all of the following shall apply:

(a) “Local government” means any city, county, city and county, housing authority, housing successor to a redevelopment agency, or a joint powers agency that has approved land use entitlements or building permits, provided land or financing, or approved the issuance of tax-exempt bonds pursuant to the federal Tax Equity and Fiscal Responsibility Act for the low-income housing project.

(b) “Low-income housing project” means a low-income housing project that is eligible for the exemption provided by subdivision (g) of Section 214.

(c) “Payment in lieu of taxes agreement” means any agreement entered into between a local government and a property owner of a low-income housing project that requires the owner of the low-income housing project to pay the local government a charge to compensate the local government for lost property tax revenues resulting from the low-income housing project receiving an exemption pursuant to subdivision (g) of Section 214.