Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 4. Assessment by State Board of Equalization Generally

Article 1. General Provisions*

Section 723.1

723.1. Operating nonunitary properties. Operating nonunitary properties are those that the assessee and its regulatory agency consider to be operating as a unit, but the board considers not part of the unit in the primary function of the assessee. This section does not apply to state-assessed property of regulated railway companies. In the case of regulated railway companies, there shall be only two classifications of property for purposes of this code, unitary and nonunitary.

History.—Added by Stats. 1986, Ch. 1457, effective January 1, 1987. Stats. 1987, Ch. 921, in effect September 22, 1987, added the second sentence.

* Article 1 was added by Stats. 1976, Ch. 877, p. 1990, in effect January 1, 1977.