Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > P > 630.0000 PERSONAL PROPERTY > 630.0023

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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P

630.0000 PERSONAL PROPERTY

Annotation 630.0023

630.0023 Leased to Government. Under a "lease to ownership plan" or a direct financing lease, the federal government lessee is considered to be the owner of the personal property if the federal government has exclusive management, responsibility, and control, and must reimburse lessor for applicable sales taxes, use and gross receipts taxes, and personal property taxes. Even though the leased property is immune from property taxes, the private lessor is responsible for filing business property statements for the property under Revenue and Taxation Code section 442(c), unless the property is specifically exempted. C 12/23/2004.