Fiscal Year 2013-2015 Special Budget Meeting

A. Every institution, corporation, organization or association that qualifies for nonprofit tax-exempt status under either state or federal law seeking an exemption pursuant to this section shall submit an annual statement to'the Business Tax Section setting forth such information as required to determine eligibility for such exemption. B. The owner of an affordable housing project that has received federal and/or state low income housing tax credits in connecfion with the affordable housing ownership^ is exempt from the payment of business taxes pursuant to this chapter in connection with such affordable housing project; provided that the property is owned and operated by a partnership in which the managing partner is an eligible nonprofit corporation or limited liability company and provided that the property qualifies for the property tax exemption pursuant to Section 214(g) of the California Revenue and Taxation Code. The gross receipts of the owner's business derived solely from the portion of the property that is eligible for the exemption pursuant to Section 214(g) shall be exempt from the Business Tax. The owner must submit an application and statement to the Business Tax Secfion setting forth evidence establishing its qualifications for this exemption, including a copy of the Section 214(g) exemption, in form and substance satisfactory to the Business Tax Section. The owner shall file annual statements setting forth such information necessary to determine continued eligibility for the exemption. 5.04.631 Exemption for family daycare. Every person licensed by the State of California Department of Social Services as a family daycare provider, and maintaining a state license permitting up to fourteen (14) children or less per facility, shall be exempt from the business tax imposed under this chapter. Persons seeking an exemption pursuant to this secfion must submit an annual statement, as described in Section 5.04.090. together with a copy of the most current license issued by the State of California Department of Social Services to the Business Tax Section.