California Revenue and Taxation Code

§ 70

RTC § 70 Effective Sep 26, 2008Div. 1 · Part 0.5 · Ch. 3

Statute text

(a)“Newly constructed” and “new construction” means:

(1)Any addition to real property, whether land or improvements, including fixtures, since the last lien date; and

(2)Any alteration of land or of any improvement, including fixtures, since the last lien date that constitutes a major rehabilitation thereof or that converts the property to a different use.

…

Legislative history

Amended by Stats. 2008, Ch. 336, Sec. 1. Effective September 26, 2008. Operative June 9, 2010, by Sec. 5 of Ch. 336, pursuant to adoption of Prop. 13 (SCA 4) at the June 8, 2010, election.