Rev. & Tax. Code, § 271.5 · Article 2.5. Late Exemption Claims
Rev. & Tax. Code, § 271.5
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) In the event that property receiving the college, public school, cemetery, church, religious, exhibition, veterans’ organization, tribal housing, or welfare exemption is sold or otherwise transferred, the exemption shall cease to apply on the date of that sale or transfer. A new exemption shall be available subject to the provisions of Section 271.
(b) Termination of the exemption under this section shall result in an escape assessment of the property pursuant to Section 531.1.
Notes and commentary — not statutory text
History
Amended by Stats. 2025, Ch. 72, Sec. 4. (AB 1516) Effective January 1, 2026.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=271.5.
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- sha256 7873d6a40eba96ced206be33c0ad3445520036457e25cb2bdc3adf946f798013
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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