Cal. Rev. & Tax. Code § 504

Current through the 2023 Legislative Session.

Section 504 - Penalty for concealing property to evade taxation

There shall be added to any assessment made pursuant to Section 502, except those assessments as are placed on the current roll prior to the time it is originally completed and published, a penalty of 25 percent of the additional assessed value so assessed.

Ca. Rev. and Tax. Code § 504

Amended by Stats. 1996, Ch. 1087, Sec. 22. Effective January 1, 1997.