California Revenue and Taxation Code

§ 100.95

RTC § 100.95 Effective Sep 29, 2010Div. 1 · Part 0.5 · Ch. 6 · Art. 6

Statute text

(a)Notwithstanding any other law, for the 2007–08 fiscal year and each fiscal year thereafter, all of the following apply:

(1)The property tax assessed value of qualified property that is owned by a public utility and that is assessed by the State Board of Equalization shall be allocated entirely to the county in which the qualified property is located.

(2)The tax rate applied to the assessed value allocated pursuant to paragraph (1) shall be the rate calculated pursuant to subdivision (b) of Section 100.

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Legislative history

Amended by Stats. 2010, Ch. 433, Sec. 2. (AB 308) Effective September 29, 2010.