California Revenue and Taxation Code 117 – “Lien date” is the time when taxes for any fiscal year become a lien …
Current as of: 2024 | Check for updates
|
Other versions
“Lien date” is the time when taxes for any fiscal year become a lien on property.
(Enacted by Stats. 1939, Ch. 154.)
Terms Used In California Revenue and Taxation Code 117
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Lien: A claim against real or personal property in satisfaction of a debt.