Supplement 8H Consent 2013 0506 - Laserfiche WebLink

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line 1 companies, or corporations that meet all the requirements of line 2 subdivision (a) shall be deemed to be within the exemption line 3 provided for in subdivision (b) of Section 4 and Section 5 of Article line 4 XIII of the California Constitution and this section to the extent line 5 the residential use of the property is institutionally necessary for line 6 the operation of the organization. line 7 (j) For purposes of this section, charitable purposes include line 8 educational purposes. For purposes of this subdivision, line 9 “educational purposes” means those educational purposes and line 10 activities for the benefit of the community as a whole or an line 11 unascertainable and indefinite portion thereof, and do not include line 12 those educational purposes and activities that are primarily for the line 13 benefit of an organization’s shareholders. Educational activities line 14 include the study of relevant information, the dissemination of that line 15 information to interested members of the general public, and the line 16 participation of interested members of the general public. line 17 (k) In the case of property used exclusively for the exempt line 18 purposes specified in this section, owned and operated by limited line 19 liability companies that are organized and operated for those line 20 purposes, the State Board of Equalization shall adopt regulations line 21 to specify the ownership, organizational, and operational line 22 requirements for those companies to qualify for the exemption line 23 provided by this section. line 24 (l) The amendments made by Chapter 354 of the Statutes of line 25 2004 shall apply with respect to lien dates occurring on and after line 26 January 1, 2005. line 27 SEC. 7. The amendment of Section 214 of the Revenue and line 28 Taxation Code made by this act does not constitute a change in, line 29 but is declaratory of, existing law. O 96 — 26 —AB 975