§ 532.2
98 words·~1 min read·
/ca/revenue-and-taxation-code/532-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding Section 532, the assessor shall assess as escaped property any property for which a welfare exemption was granted while that property was “in the course of construction,” as defined in Section 214.2, if either of the following occurs:
(a)Construction is abandoned.
(b)Upon completion of the construction, the property is used other than exclusively for religious, hospital, or charitable purposes. If, upon completion of construction, a portion of the property is used other than exclusively for religious, hospital, or charitable purposes, the assessor shall assess as escaped property only that portion of the property so used.