There has been a subtle change to the language used in Section 402.5 of the California R&T Code. The code has changed the word lien date to valuation date. Previously section 402.5 required sales used Read more…
Beginning on July 1, 2014, manufacturers and certain research and developers may qualify for a partial exemption of sales and use tax on certain manufacturing and research and development equipment purchases and leases. To be Read more…
SB 871, extends a solar tax exemption for new active solar energy systems until 2025! An existing law set to expire in 2017, bars property tax increases based upon the construction or addition of a Read more…
The California State Board of Equalization has issued a Letter to the Assessor No. 2014/039 which gives clarification for the Assessor’s Handbook (AH410) Assessment of Newly Constructed Property and also rule 463. You can find Read more…