BOE-902

Source: https://www.boe.ca.gov/proptaxes/pdf/sample-boe902.pdf

This page watermarked sample only. Contact Assessor for actual form.

BOE-902 (P1) REV. 01 (07-25)

CLAIM FOR BANK OR FINANCIAL CORPORATION EXEMPTION This is a claim for exemption from ad valorem personal property taxes for banks and financial corporations subject to the franchise tax imposed pursuant to Article 3 (commencing with section 23181) of Part 11 of Division 2 of the Revenue and Taxation Code. To receive exemption from property taxes on personal property, file this claim with the Assessor by __________________.

(Make necessary corrections to the printed name and mailing address)

1. NAME OF CLAIMANT Form

2. TITLE

3. CORPORATE NAME ONLY

4. Corporation numbers issued by the California Secretary of State (CSS) and the Franchise Tax Board (FTB) are: Actual CSS# FTB#5. Yes No Does the principal business activity of this corporationforconsist of leasing tangible personal property?

5. Franchise Tax Board

Yes No Did you file a combined return? Yes No Did you pay the minimum franchise tax?

Yes No Have you recently changed filing status? Yes No Is the bank or financial corporation so new that no return has been filed with the Franchise Tax Board? Yes No Are you a federally chartered credit union? Yes No Are you a state chartered credit union? SAMPLE 7. Yes No Is additional information attached to this claim?

8. Person to contact during normal business hours for additional information. Assessor NAME TITLE

ADDRESS

TELEPHONE EMAIL ADDRESS ( ) CERTIFICATION Contact I certify (or declare) under penalty of the laws of the State of California that the foregoing, and all information herein, is true, correct, and complete to the best of the taxpayer's knowledge and belief.

Additionally, if this form is submitted with an electronic signature, I also certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing, and all information herein, including any accompanying statements or materials, is true, correct, and complete to the best of the taxpayer's knowledge and belief. PERSON MAKING CLAIM (Please Print) DATE t

This exemption claim is a public record and is subject to public inspection and audit.

This page watermarked sample only. Contact Assessor for actual form.

BOE-902 (P2) REV. 01 (07-25)

General Information

The purpose of this claim is to inform the assessor that the assessee is a “bank or a financial corporation” exempt from personal property tax. The franchise tax imposed on general corporations in California is specified in Revenue and Taxation Code section 23151. Section 23186 specifies the franchise tax rate for banks and financial corporations. Each corporation (entity) stands on its own (even if combined returns are filed) when determining which franchise tax rate is to be imposed on net income. A financial corporation is one which deals primarily in moneyed capital as distinguished from other commodities and whose predominant activities are in substantial competition with the activities of national banks. If the firm is not subject to the franchise tax rate specified in section 23186, the firm is not a bank or financial corporation and does not qualify for the personal property exemption under section 23182. The personal property of state chartered credit unions, however, is exempt from property taxation.

Claim Instructions

1. Type or print the name of the person who is signing the claim. Form 2. Type or print the title of the person who is signing the claim.

3. Type or print the exact full name of the corporation (entity) that qualifies as a bank or financial institution and check the appropriate box. 4. Type or print the corporate number issued by the California SecretaryONLYof State. If this number has not been issued, type or print the equivalent number assigned by the Franchise Tax Board. Provide both numbers if available.

5. Check appropriate box. The personal property exemption under section 23182 does not apply to corporations whose principal Actual business activity consists of leasing tangible personal property (section 23183(b)).
6. Answer “yes” or “no” for each question relevant to your Franchise Tax Board filing. 7. If other information is attached, check the “Yes” box. For example,forif the bank or financial corporation owns personal property in
this county under another name, you should attach a statement with relevant details; or, if the subject corporation is included
in a combined franchise tax return filed by a related company, you should attach the names of all entities in the combined return.

8. Type or print the name, title, address, and telephone number of the person to contact during normal business hours for additional information. SAMPLE Assessor Contact