California Revenue and Taxation Code

§ 20640.2

RTC § 20640.2 Effective Jan 1, 2019Div. 2 · Part 10.5 · Ch. 3.5

Statute text

For the purposes of this chapter:

(a)“Possessory interest” means (1) possession of, or right to the possession of land located in this state whether or not coupled with ownership of the residential dwelling on the same, or (2) a possessory interest or right of occupancy on tax exempt land;

(b)“Residential dwelling” means a dwelling occupied as the principal place of residence of the claimant, and so much of the land surrounding it as is reasonably necessary for use of the dwelling as a home, located on possessory interest property. It shall include condominiums and affixed manufactured homes upon which property taxes, as defined in subdivision (c), are assessed. It also includes part of a multidwelling or multipurpose building and a part of the land upon which it is built.

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Legislative history

Amended by Stats. 2018, Ch. 896, Sec. 17. (SB 1130) Effective January 1, 2019.