Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 271.5 — Late Exemption Claims
Cal. Rev. & Tax. Code § 271.5
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2026-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) In the event that property receiving the college, public school, cemetery, church, religious, exhibition, veterans’ organization, tribal housing, or welfare exemption is sold or otherwise transferred, the exemption shall cease to apply on the date of that sale or transfer. A new exemption…
Citator
Cal. Rev. & Tax. Code § 271.5 — Late Exemption Claims is in force in the current edition of the Code, and nothing recorded condemns it.
(a) In the event that property receiving the college, public school, cemetery, church, religious, exhibition, veterans’ organization, tribal housing, or welfare exemption is sold or otherwise transferred, the exemption shall cease to apply on the date of that sale or transfer. A new exemption shall be available subject to the provisions of Section 271.
(b) Termination of the exemption under this section shall result in an escape assessment of the property pursuant to Section 531.1.