California Revenue and Taxation Code CHAPTER 3.5 - Senior Citizens Possessory Interest Holder Property Tax Postponement Law

• Section 20640.
  This chapter shall be known and may be cited as the “Senior Citizens Possessory Interest Holder Property Tax Postponement Law.”(Added by Stats. 1978, Ch. 576.)
• Section 20640.1.
  (a) Unless the context otherwise requires or unless otherwise provided in this chapter, the definitions given in Chapter 1 (commencing with Section 20501) and Chapter 2...
• Section 20640.2.
  For the purposes of this chapter:(a) “Possessory interest” means (1) possession of, or right to the possession of land located in this state whether or not...
• Section 20640.3.
  A claimant is an individual who:(a) Holds a right to a possessory interest pursuant to a validly recorded instrument conveying such possessory interest for a term...
• Section 20640.4.
  (a) Subject to the limitations provided in Chapter 1 (commencing with Section 20501), Chapter 2 (commencing with Section 20581), or this chapter, a claimant may file...
• Section 20640.5.
  (a) The Controller may require as security for the postponement of property taxes pursuant to this chapter any of the following:1. An assignment to the State of...
• Section 20640.6.
  (a)  Upon receipt of the information described in Section 20640.4 and Section 20640.5, the Controller shall determine whether the state’s interest would be adequately protected...
• Section 20640.7.
  The Controller shall prescribe the manner in which a claimant eligible under this chapter, who for any reason is incapacitated, may appoint his or her...
• Section 20640.8.
  The claim for postponement shall be filed after October 1 of the fiscal year in which postponement is claimed and on or before February 10...
• Section 20640.9.
  Each claimant applying for postponement under this chapter shall file a claim under penalty of perjury with the Controller on a form supplied by the...
• Section 20640.10.a.
  The Controller shall maintain a record of all persons who have received postponement amounts pursuant to this chapter. Such record shall include the name and...
• Section 20640.11.
  All amounts postponed pursuant to this chapter shall be due if any of the following occurs:(a) The claimant ceases to occupy the residential dwelling as the...
• Section 20640.12.
  If the Controller determines that amounts postponed under this chapter have become due and payable, the Controller may take any or all of the following...

Last modified: October 22, 2018