Form Boe-100-B (S3) Instructions For Completing The Statement Of Change In Control And Ownership Of Legal Entities Questionnaire (Boe-100-B)

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BOE-100-B (S3) REV. 14 (9-02)
Revenue and Taxation Code Section 480.1
IMPORTANT NOTICE
The law requires any person or legal entity acquiring ownership control in any corporation, partnership, limited liability
company, or other legal entity owning real property in California subject to local property taxation to complete and file a
change in ownership statement with the State Board of Equalization at its office in Sacramento. The change in ownership
statement must be filed within 45 days from the date of the change in control of a corporation, partnership, limited liability
company, or other legal entity. The law further requires that a change in ownership statement be completed and filed
whenever a written request is made therefor by the State Board of Equalization, regardless of whether a change in control
of the legal entity has occurred. The failure to file a change in ownership statement within 45 days from the date of a written
request by the State Board of Equalization results in a penalty of 10 percent of the taxes applicable to the new base year
value reflecting the change in control of the real property owned by the corporation, partnership, limited liability company,
or legal entity (or 10 percent of the current year's taxes on that property if no change in control occurred). This penalty will
be added to the assessment roll and shall be collected like any other delinquent property taxes, and be subject to the same
penalties for nonpayment.
Revenue and Taxation Code Section 480.2
IMPORTANT NOTICE
The law requires any corporation, partnership, limited liability company, or other legal entity owning real property in
California subject to local property taxation and transferring shares or other ownership interest in such legal entity which
constitutes a change in ownership pursuant to subdivision (d) of Section 64 of the Revenue and Taxation Code to complete
and file a change in ownership statement with the State Board of Equalization at its office in Sacramento. The change in
ownership statement must be filed within 45 days from the date that shares or other ownership interests representing
cumulatively more than 50 percent of the total control of ownership interests in the entity are transferred by any of the
original co-owners in one or more transactions. The law further requires that a change in ownership statement be
completed and filed whenever a written request is made therefor by the State Board of Equalization, regardless of whether
a change in ownership of the legal entity has occurred. The failure to file a change in ownership statement within 45 days
from the date of a written request by the Board of Equalization results in a penalty of 10 percent of the taxes applicable to
the new base year value reflecting the change in ownership of the real property owned by the corporation, partnership,
limited liability company, or legal entity (or 10 percent of the current year's taxes on that real property if no change in
ownership occurred). This penalty will be added to the assessment roll and shall be collected like any other delinquent
property taxes, and be subject to the same penalties for nonpayment.

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