California Revenue and Taxation Code

§ 24346

RTC § 24346 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 7 · Art. 1

Statute text

(a)For purposes of subdivision (a) of Section 24345, if real property is sold during any real property tax year, then—

(1)So much of the real property tax as is properly allocable to that part of the year which ends on the day before the date of the sale shall be treated as a tax imposed on the seller; and

(2)So much of that tax as is properly allocable to that part of the year which begins on the date of the sale shall be treated as a tax imposed on the purchaser.

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Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 129. Effective January 1, 2001.