Art. XIII, § 5
Exemptions cover property under construction
Structure
Taxes, Money & Commerce
Art. XIII · Taxation
Official text rightpowerlimitif conditionlegal term
Exemptions granted or authorized by Sections 3(e), 3(f), and 4(b) apply to buildings under construction, land required for their convenient use, and equipment in them if the intended use would qualify the property for exemption.
History: Sec. 5 added Nov. 5, 1974, by Prop. 8. Res.Ch. 70, 1974.
Simplified explanation
Exemptions under Sections 3(e), 3(f), and 4(b) apply to buildings under construction, land required for their convenient use, and equipment in them, if the intended use would qualify the property for exemption.