Section 275.5.

Cal. Revenue and Taxation Code - RTC § 275.5.
in effect
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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.

References

referencesCal. Revenue and Taxation Code - RTC § 227.
referencesCal. Revenue and Taxation Code - RTC § 254.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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