BlackletterCalifornia law

Revenue and Taxation Code § 219

ARTICLE 1. Taxable and Exempt Property

Current as of September 28, 2026Rev. & Tax. Code, § 219Official source ↗

Repealed and added by Stats. 1980, Ch. 411, Sec. 8. Effective July 11, 1980. Operative January 1, 1981, by Sec. 51 of Ch. 411.

For the 1980–81 fiscal year and fiscal years thereafter, business inventories are exempt from taxation and the assessor shall not assess business inventories.