Section 20627 Of Chapter 3. Senior Citizens Tenant-stockholder Property Tax Postponement Law From California Revenue And Taxation Code >> Division 2. >> Part 10.5. >> Chapter 3.
20627
. A tenant-stockholder claimant (hereinafter referred to as
"claimant") is an individual who, on the last day of the calendar
year ending immediately prior to the commencement of the fiscal year
for which postponement is claimed is: (a) a tenant-stockholder in a
cooperative housing corporation (as defined in Section 216(b) of the
Internal Revenue Code) and (b) occupies as a principal place of
residence a residential unit in the cooperative housing corporation
(notwithstanding Section 216(b) of the Internal Revenue Code). For
the purposes of this chapter, a claimant must be (1) 62 years of age
or older on or before December 31 of the fiscal year for which
postponement is claimed or (2) blind or disabled, as defined in
Section 12050 of the Welfare and Institutions Code, at the time of
application or on December 10 of the fiscal year for which the
postponement is claimed, whichever is earlier.