Statute · California Revenue and Taxation Code

Cal. Rev. & Tax. Code § 31202 — Property Tax Reimbursement Law

Cal. Rev. & Tax. Code § 31202

Type: Statute
Source: California Revenue and Taxation Code
Jurisdiction: California
Date: 2018-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

For purposes of this part, all of the following definitions shall apply:

Citator

Cal. Rev. & Tax. Code § 31202 — Property Tax Reimbursement Law is in force in the current edition of the Code, and nothing recorded condemns it.

For purposes of this part, all of the following definitions shall apply:

(a) “Heavy equipment property” means rental property of a qualified heavy equipment renter.

(b) “Qualified heavy equipment renter” means a renter that satisfies both of the following:

(1) The principal business of the renter is the rental of heavy equipment property.

(2) The renter is engaged in a line of business described in Code 532412 or 532310 of the North American Industry Classification System published by the United States Office of Management and Budget, 2012 edition.