CA Rev & Tax Code Section 209.5

All right, title or interest in or to any vessel of more than 50 tons burden or 100 tons displacement, and the materials and parts held by the builder of the vessel at the site of construction for the specific purpose of incorporation therein, shall be exempt from taxation except for state purposes, while the vessel is under construction within this State.
Last Updated

Aug. 19, 2023

§ 209.5’s source at ca​.gov