California Revenue and Taxation Code

§ 4656.5

RTC § 4656.5Div. 1 · Part 8 · Ch. 1c

Statute text

All redemption fees collected for property tax-defaulted prior to January 1, 1984, shall be distributed 50 percent to the State of California for deposit in the General Fund and 50 percent to the county that is the situs of the tax-defaulted property for deposit in its general fund. Redemption fees collected for property tax defaulted on and after January 1, 1984, shall be distributed five dollars ($5) to the State of California for deposit in the General Fund and ten dollars ($10) to the county that is the situs of the tax-defaulted property for deposit in its general fund.

Legislative history

Amended by Stats. 1986, Ch. 1420, Sec. 25.