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Videocast: Elk Hills Update

April 23, 2013
click to watch Videocast: Elk Hills Update;;;; 1702
  • Video - Play | mp4 | 4 min
  • Podcast | mp3 | 4 min
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For the first time in more than 50 years, the California Supreme Court is revisiting the application of California's property tax to intangible assets in Elk Hills Power, LLC v. California State Board of Equalization. The outcome of this case may change the taxability of intangible assets, which currently are not subject to property tax in California, and could raise property tax bills for some businesses by 400% or more.

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