Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2010
 

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

CHAPTER 1. Taxation Base

Article 1. Taxable and Exempt Property

Section 215

215. Veteran organizations. All personal property owned by a veteran organization which has been chartered by the Congress of the United States, when the same are used solely and exclusively for the purposes of such organization, if not conducted for profit and no part of the net earnings of which inures to the benefit of any private individual or member thereof, shall be exempt from taxation.

History.—Added by Stats. 1945, p. 706, in effect September 15, 1945. Stats. 1970, p. 1072, in effect November 23, 1970, deleted "and all buildings, and so much of the real property on which the buildings are situated as may be required for the convenient use and occupation of said buildings," after "all personal property" in the first sentence, and deleted the second paragraph.