Cal. Code Regs. Tit. 18, § 204 - Leased Property

(a) Property leased or rented on a daily, weekly or other short-term basis has situs at the place where the lessor normally keeps the property. Temporary absences from that location do not change the situs of the property.

(b) The situs of property leased or rented for an extended, but unspecified, period or leased for a term of more than six months shall be determined on the basis of the lessee's use.

(c) The assessor may place a single assessment on the roll for all leased personal property in the county that is assessed to the same taxpayer. Any property assessed pursuant to this subdivision shall, in the absence of evidence establishing otherwise, be deemed to be located at the taxpayer's primary place of business within the county.

Notes

Cal. Code Regs. Tit. 18, § 204

1. New section filed 2-13-68; effective thirtieth day thereafter (Register 68, No. 7).
2. Amendment of NOTE filed 10-26-77; effective thirtieth day thereafter (Register 77, No. 44).
3. Amendment filed 1-18-83; effective thirtieth day thereafter (Register 83, No. 3).
4. Change without regulatory effect designating first and second paragraphs as subsections (a) and (b), adding subsection (c), and amending NOTE filed 12-11-97 pursuant to section 100, title1, California Code of Regulations (Register 97, No. 50).

Note: Authority cited: Section 15606, Government Code. Reference: Sections 623 and 1019, Revenue and Taxation Code; and Article XIII, Section 14, California Constitution.

1. New section filed 2-13-68; effective thirtieth day thereafter (Register 68, No. 7).
2. Amendment of NOTE filed 10-26-77; effective thirtieth day thereafter (Register 77, No. 44).
3. Amendment filed 1-18-83; effective thirtieth day thereafter (Register 83, No. 3).
4. Change without regulatory effect designating first and second paragraphs as subsections (a) and (b), adding subsection (c), and amending Note filed 12-11-97 pursuant to section 100, title1, California Code of Regulations (Register 97, No. 50).