Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > P > 660.0000 POSSESSORY INTEREST > 660.0130

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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660.0000 POSSESSORY INTEREST

Annotation 660.0130

660.0130 Lease. A city's lease and leaseback of land to a nonprofit, public-benefit corporation established by the League of California Cities to assist its members in financing capital projects creates a taxable possessory interest in the corporation. C 9/30/1987.