Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

CHAPTER 1. Taxation Base

Article 1. Taxable and Exempt Property

Section 202.7

202.7. Personalty used by student governments. Personal property owned or used by student governments of the University of California or by nonprofit corporations operating student book stores of colleges affiliated with the University of California is, for purposes of this section, deemed property belonging to this state and shall be exempt from taxation.

History.—Added by Stats. 1972, p. 733, in effect March 7, 1973. Stats. 1974, Ch. 759, p. 1675, in effect January 1, 1975, added "or by nonprofit corporations operating student book stores of colleges affiliated with the University of California" after "University of California", and added ", for purposes of this section," after "is". Sec. 2 thereof provided no payment by state to local governments because of this act.