Cal. RTC § 403
This is the official text of Cal. RTC § 403, part of California’s Revenue and Taxation Code — governs state and local taxation, including income and property tax.
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Official statutory text
Land sold by the State for which no patent has been issued shall be assessed like other land, but the owner is entitled to a deduction from the assessed valuation of the amount due the State as principal on the purchase price.
Status: in_force · Read it on the official government site
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