Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 502 — Arbitrary and Penal Assessments
Cal. Rev. & Tax. Code § 502
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If any person willfully conceals, fails to disclose, removes, transfers or misrepresents tangible personal property to evade taxation which results in an assessment lower than that which would otherwise be required by law, the assessor on discovery shall assess the property in the lawful amount…
Citator
Cal. Rev. & Tax. Code § 502 — Arbitrary and Penal Assessments is in force in the current edition of the Code, and nothing recorded condemns it.
If any person willfully conceals, fails to disclose, removes, transfers or misrepresents tangible personal property to evade taxation which results in an assessment lower than that which would otherwise be required by law, the assessor on discovery shall assess the property in the lawful amount and impose the penalty provided for in Section 504.