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California Revenue and Taxation Code

§ 995

RTC § 995Div. 1 · Part 2 · Ch. 5 · Art. 1

Statute text

View on leginfo.ca.gov
Storage media for computer programs shall be valued on the 1972 lien date and thereafter as if there were no computer program on such media except basic operational programs. Otherwise, computer programs shall not be valued for purpose of property taxation. As used in this section, storage media for computer programs may take the form of, but are not limited to, punched cards, tapes, discs or drums on which computer programs may be embodied or stored. As used in this section, a computer program may be, but is not limited to a set of written instructions, magnetic imprints, required documentation or other process designed to enable the user to communicate with or operate a computer or other machinery.

Legislative history

Amended by Stats. 1973, Ch. 990.

Source: California Revenue and Taxation Code § 995 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.