Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
880.0000 WELFARE EXEMPTION
(c) WELFARE EXEMPTION—HOSPITAL PURPOSES
880.0690 Surplus Revenue. A non-profit hospital which earns surplus revenue in excess of ten percent during the preceding fiscal year may still qualify for the exemption. OAG 3/30/1988 (No. 87-502, Vol. 71, p. 106).
Note: Also, see Rideout Hospital Foundation, Inc. v. Yuba County (1992) 8 Cal.App.4th 214 as to whether a hospital may earn surplus revenue in excess of 10 percent during the immediate fiscal year and still qualify for exemption.