§ 203.1
42 words·~1 min read·
/ca/revenue-and-taxation-code/203-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Personal property owned or used by a nonprofit corporation operating a student bookstore affiliated with an educational institution, as defined in Section 203, is, for purposes of this section, deemed property belonging to such educational institution and shall be exempt from taxation.