Cal. Rev. & Tax. Code § 502

Current through the 2023 Legislative Session.

Section 502 - Failure to disclose, removal, transfer or misrepresentation of tangible personal property to evade taxation

If any person willfully conceals, fails to disclose, removes, transfers or misrepresents tangible personal property to evade taxation which results in an assessment lower than that which would otherwise be required by law, the assessor on discovery shall assess the property in the lawful amount and impose the penalty provided for in Section 504.

Ca. Rev. and Tax. Code § 502

Added by Stats. 1967, Ch. 1418.