California Revenue and Taxation Code

§ 11315

RTC § 11315Div. 2 · Part 6 · Ch. 2 · Art. 4

Statute text

If any property required to be assessed for any year wholly escapes assessment or escapes assessment in part due to the board’s underassessing the property because of failure of the taxpayer to report the property accurately, the board shall immediately assess or reassess the property upon the discovery of the escape.

Legislative history

Amended by Stats. 1974, Ch. 54.