Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 3. Assessment Generally

Article 2. Information From Taxpayer

Section 470

470. Business records. (a) Upon request of an assessor, a person owning, claiming, possessing or controlling property subject to local assessment shall make available at his or her principal place of business, principal location or principal address in California or at a place mutually agreeable to the assessor and the person, a true copy of business records relevant to the amount, cost and value of all property that he or she owns, claims, possesses, or controls within the county.

(b) In the case of a taxpayer that has its principal place of business outside of California and has been requested to make business records available pursuant to subdivision (a), that taxpayer may, as an alternative to making the requested business records available pursuant to the terms of that subdivision, pay the county the amount of reasonable and ordinary expenses for food, lodging, transportation, and other related items incurred by the assessor's representative, in traveling to the place outside California where the requested business records are available for examination and performing his or her official duties with respect to the examination of those records.

History.—Added by Stats. 1966, p. 662 (First Extra Session), in effect October 6, 1966. Stats. 1991, Ch. 1148, in effect October 14, 1991, added subdivision letter (a) before "Upon request", added "or her" after "his", added "or she" after "he", and added a comma after "possesses" in subdivision (a); and added subdivision (b).

Note.—Section 3 of Stats. 1991, Ch. 1148, provided that no reimbursement is required by this act pursuant to Section 6 of Article XIII B of the California Constitution because the local agency or school district has the authority to levy service charges, fees, or assessments sufficient to pay for the program or level of service mandated by this act.

Construction.—The words "business records relevant to the amount, cost and value of all property" are broad grants of power to the assessor to demand information and do not support any distinction between raw and interpretative data. "Business records" is not limited to the meaning of the term in the Evidence Code as an exception to the hearsay rule. Roberts v. Gulf Oil Corp., 147 Cal.App.3d 770.