California Revenue and Taxation Code

§ 214.17

RTC § 214.17 Effective Jan 1, 2017Div. 1 · Part 2 · Ch. 1 · Art. 1

Statute text

(a)For purposes of this section:

(1)“Total exemption amount limitation” means the exemption amount limitation with respect to a single property or multiple properties that is specified in subparagraph (C) of paragraph (1) of subdivision (g) of Section 214, as that section read before January 1, 2017.

(2)(A) “Qualified property” means property used exclusively for rental housing and related facilities where 90 percent or more of the occupants of the property are lower income households whose rent does not exceed the rent prescribed by Section 50053 of the Health and Safety Code and that qualifies for exemption under Section 214 on the sole basis of this criteria as specified in subparagraph (C) of paragraph (1) of subdivision (g) of Section 214.

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Legislative history

Added by Stats. 2016, Ch. 836, Sec. 2. (SB 996) Effective January 1, 2017.