Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Revenue and Taxation Code
Part 2. Assessment
Chapter 3. Assessment Generally
Article 3. Arbitrary and Penal Assessments
502. Concealment, etc., of tangible personal property. If any person willfully conceals, fails to disclose, removes, transfers or misrepresents tangible personal property to evade taxation which results in an assessment lower than that which would otherwise be required by law, the assessor on discovery shall assess the property in the lawful amount and impose the penalty provided for in Section 504.
History.—Added by Stats. 1967, p. 3337, in effect November 8, 1967.