California Revenue & Taxation Code

Cal. Rev. & Tax. Code § 5085

Official textleginfo.legislature.ca.gov

If exempt property is acquired by negotiated purchase, gift, devise, or eminent domain after the lien date but prior to the commencement of the fiscal year for which taxes are a lien on the property, the amount of the taxes for that fiscal year shall be canceled and are not collectible from either the person from whom the property was acquired or the public entity that acquired the property.

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Nearby sections (25 sections)
  1. 5061
  2. 5062
  3. 5063
  4. 5064
  5. 5071
  6. 5072
  7. 5073
  8. 5081
  9. 5082
  10. 5082.1
  11. 5083
  12. 5084
  13. 5085
  14. 5086
  15. 5086.2
  16. 5086.1
  17. 5087
  18. 5088
  19. 5089
  20. 5090
  21. 5091
  22. 5096
  23. 5096.1
  24. 5096.7
  25. 5096.8
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