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Sutter: BOE-64-RWC

Sutter County: BOE-64-RWC

Sutter: BOE-64-RWC REV.00 (12-18) for 2019

Initial Purchaser Claim For Rain Water Capture System New Construction Exclusion

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BOE-64-RWC:

INITIAL PURCHASER CLAIM FOR RAIN WATER CAPTURE SYSTEM NEW CONSTRUCTION EXCLUSION

GENERAL INFORMATION

Revenue and Taxation Code section 74.8 states, in part:

  1. For purposes of this section, “rain water capture system” means a facility designed to capture, retain, and store rain water flowing offa building rooftop or other manmade aboveground hard surface for subsequent onsite use.

    1. Notwithstanding any other law, for purposes of this section, “the construction or addition of a rain water capture system” includesthe construction of a rain water capture system incorporated by the owner-builder in the initial construction of a new building that the owner-builder does not intend to occupy or use.

    2. The exclusion provided by this section applies to the initial purchaser who purchased the new building from the owner-builder only ifthe owner-builder did not receive an exclusion pursuant to this section for the same rain water capture system and only if the initialpurchaser purchased the new building prior to that building become subject to reassessment to the owner-builder, as described insubdivision (d) of Section 75.12.

  2. This section shall be administered as follows:
    1. The initial purchaser of the new building shall file a claim with the assessor and provide to the assessor any documents necessaryto identify the value attributable to the rain water capture system included in the purchase price of the new building. The claim shallalso identify the amount of any rebate for the rain water capture system provided to either the owner-builder or the initial purchaser.

    2. The assessor shall evaluate the claim and determine the portion of the purchase price that is attributable to the rain water capturesystem. The assessor shall then reduce the new base year value established as a result of the change in ownership of the newbuilding by an amount equal to the difference between the following two amounts:
      1. That portion of the value of the new building attributable to the rain water capture system.

      2. The total amount of all rebates, if any, described in paragraph (1) that were provided to either the owner-builder or theinitial purchaser.

    3. The extension of the new construction exclusion to the initial purchaser of a new constructed new building shall remain in effect onlyuntil there is a subsequent change in ownership of the new building.

  3. This section applies to new construction completed on or after January 1, 2019.

  4. This section shall remain in effect only until January 1, 2029, and as of that date is repealed.

See Instructions   



Important Additional Taxpayer Information Provided by Sutter County

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