Cal. Rev. & Tax. Code § 5081 | Midpage

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§ 5081

Cal. Rev. & Tax. Code § 5081

5081

Added by Stats. 1979, Ch. 31.

As used in this article, “exempt property” means:

(a) Property acquired by the United States that becomes exempt from taxation under the laws of the United States.
(b) Property acquired by the state or by a county, city, school district, or other public entity, that becomes exempt from taxation under the laws of the state.