Revenue and Taxation Code section 275.5

If a person claiming classification of a vessel as a documented vessel eligible for assessment under Section 227 fails to file the affidavit required by Section 254 by 5 p.m. on February 15 of the calendar year in which the fiscal year begins, but files that affidavit on or before the following August 1, the assessment shall be reduced in a sum equal to 80 percent of the reduction that would have been allowed had the affidavit been timely filed.

Source: Section 275.5, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=275.­5.­ (updated Jan. 1, 1999; accessed Dec. 15, 2025).

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Verified:
Dec. 15, 2025

§ 275.5's source at ca​.gov