Cal. Code Regs. tit. 18 § 28

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 28 - Examples of Taxable Possessory Interests

The following are examples of commonly encountered taxable possessory interests:

(a) The right to explore for, capture, and reduce to possession gas, petroleum, and other hydrocarbons in public lands.

(b) The possession of an employee in housing owned by a public agency, irrespective of whether occupancy of the housing is a condition of employment except when the facility also serves as the employee's work area to which the employer has full access.

(c) The right to cut and remove standing timber on public lands.

(d) The right to graze livestock or raise forage on public lands.

(e) The possession of public property at harbors, factories, airports, golf courses, marinas, recreation areas, parks, and stadiums. Possessory interests may include land subject to the ultimate grant of a United States patent, commercial and industrial sites, and water rights.

Cal. Code Regs. Tit. 18, § 28

1. New section filed 1-19-71; effective thirtieth day thereafter (Register 71, No. 4).
2. Amendment of NOTE filed 10-26-77; effective thirtieth day thereafter (Register 77, No. 44).

Note: Authority cited: Section 15606, Government Code. Reference: Sections 107, 107.1, 107.2, 107.3 and 107.4, Revenue and Taxation Code.

1. New section filed 1-19-71; effective thirtieth day thereafter (Register 71, No. 4).
2. Amendment of NOTE filed 10-26-77; effective thirtieth day thereafter (Register 77, No. 44).