Free Statement of Change in Control and Ownership of Legal Entities - California


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Pages: 11
Date: June 18, 2008
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State: California
Category: Tax Forms
Author: County-Assessed Properties Division
Word Count: 4,843 Words, 31,312 Characters
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URL

http://www.boe.ca.gov/proptaxes/pdf/boe100b.pdf

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BOE-100-B (S1) REV. 18 (6-08)

COUNTY-ASSESSED PROPERTIES DIVISION PO BOX 942879, SACRAMENTO, CA 94279-0064

STATE OF CALIFORNIA


BOARD OF EQUALIZATION


STATEMENT OF CHANGE IN CONTROL AND OWNERSHIP OF LEGAL ENTITIES

A PENALTY MAY APPLY IF THIS STATEMENT IS NOT FILED ON OR BEFORE THE DUE DATE OF:
STATE USE ONLY
CIC/CIO Date: County Parcels

ADDRESSED LEGAL ENTITY:

Identification No.:
(Corporate ID No. for corporations - see instructions for other entity types.)
IMPORTANT: THIS FORM MUST BE COMPLETED AND FILED WITH THE BOARD OF EQUALIZATION.
PLEASE READ THE INSTRUCTIONS (BOE-100-B-INST) AND IMPORTANT NOTICE (BOE-100-B, S5) BEFORE COMPLETING THIS FORM.

YES NO

1. Since January 1, , has the addressed legal entity or any of the legal entities under its control obtained more than
50 percent of the ownership interests of any other legal entity(ies), AND, if so, did the acquired entity(ies) hold any interests
in California real property on the date of acquisition (see instructions)? If YES, complete and attach Schedule A and
answer questions 2 and 3. If NO, answer question 2.
2. Since January 1, , excluding its original creation, has any one person or legal entity obtained, through one or
more transactions, more than 50 percent of the ownership interests in the addressed legal entity, AND, if so, did the
addressed entity hold any interests in California real property on the date that it was acquired (see instructions)? If YES,
complete and attach Schedule B and answer question 3. If NO, answer question 3.
3. Since March 1, 1975, has any transfer of California real property to the addressed legal entity been excluded from
reassessment pursuant to section 62, subdivision (a)(2) of the Revenue and Taxation Code, AND, if so, have cumulatively
more than 50 percent of the ORIGINAL CO-OWNERS' interests in the addressed entity transferred since the exclusion(s)?
(Report only transactions that have not been reported in a previous filing with the Board. See instructions.) If YES,
complete and attach Schedule C and complete certification at bottom of page. If NO, complete certification at
bottom of page.


Schedule Summary:

Based on one or more "YES" answers to questions above, indicate the
corresponding schedule(s) attached; OR
Based on "NO" answers to all questions above, indicate that no schedule
is attached, and return only this page.


YES to question 1; Schedule A attached YES to question 2; Schedule B attached YES to question 3; Schedule C attached, OR NO to questions 1, 2, and 3; no schedule attached

CERTIFICATION

I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing and all information hereon,
including any accompanying statements or documents, is true, correct, and complete to the best of my knowledge and belief.

PRINT/TYPE NAME AND TITLE OF PERSON MAKING AFFIDAVIT


SIGNATURE OF PERSON MAKING AFFIDAVIT

PHONE NUMBER

DATE


This statement shall be signed either by an officer, partner, or an employee or agent who has been designated in writing by
the board of directors, partnership, limited liability company or other entity to sign such statements on its behalf.
THIS STATEMENT IS SUBJECT TO AUDIT AND IS NOT A PUBLIC DOCUMENT.


BOE-100-B (S2F) REV. 18 (6-08)

SCHEDULE A: INFORMATION ON ACQUIRED LEGAL ENTITY
Complete this schedule if you answered YES to question 1 on page 1 (S1) Complete ONE Schedule A for EACH entity acquired

Please provide the following information for the acquired legal entity:
NAME OF THE ACQUIRED LEGAL ENTITY

DATE OWNERSHIP CONTROL WAS OBTAINED

STATE OR FEDERAL IDENTIFICATION NUMBER

MAILING ADDRESS (city, state, and zip code)

CONTACT PERSON

TELEPHONE NUMBER

(
Please answer ALL the following questions, as applicable.
YES NO

)

1. Was the transfer of ownership interests in the acquired entity between spouses or registered domestic partners? If NO, proceed to question 2. If YES, complete question 2, then proceed to items 5 and 6. 2. Was the change in ownership control merely a change in the method of holding title such as the transfer of a partnership to a corporation, a corporation to a trust, etc., or vice versa? AND did the proportionate ownership interests remain exactly the same before and after the change? If NO, proceed to question 3. If YES, complete question 3, then proceed to items 5 and 6. 3. Identify the following information regarding nontaxable reorganization: a. Was the change in control a nontaxable reorganization under section 368 of the Internal Revenue Code? If NO, complete questions 3b and 3c, then proceed to items 6 and 7. If YES, proceed to question 3b. b. Was the change in control a nontaxable reorganization under California statutes? If NO, complete question 3c, then proceed to items 6 and 7. If YES, proceed to question 3c. c. Was the change in control a nontaxable reorganization where all of the corporations involved were members of an affiliated group, both before and after the date of the change in control? If NO, proceed to items 6 and 7. If YES, and yes to both 3a and 3b, complete item 4, then proceed to items 5 and 6. 4. Provide the following information regarding common owner:
NAME OF THE COMMON OWNER STATE OR FEDERAL IDENTIFICATION NUMBER

MAILING ADDRESS (city, state, and zip code)

CONTACT PERSON

TELEPHONE NUMBER

( 5. Provide a description of the transfer.

)

(Continued on reverse)

BOE-100-B (S2B) REV. 18 (6-08)

STATE OF CALIFORNIA


BOARD OF EQUALIZATION
6. Ownership Interest Table
OWNER(S)
BEFORE
AFTER


Reporting Instructions:

Corporation - Indicate the percentage of the total outstanding shares of voting stock in the acquired entity that the acquiring person or legal
entity owned or controlled before and after ownership control was obtained.
Partnership - Indicate the percentage of the total rights to capital and profits in the acquired entity that the acquiring person or legal entity owned
before and after ownership control was obtained.
Other types of Legal Entities - Indicate the percentage of the total ownership interests in the acquired entity that the acquiring person or legal
entity owned before and after ownership control was obtained.
7. Property Schedule
Complete item 7 if you answered NO to questions 1, 2, or either 3a, 3b, or 3c on Schedule A. Please list separately each interest in real
property in California held by the acquired legal entity and any of the legal entities under its ownership control (for example, subsidiaries,
partnerships, trusts, joint ventures, limited liability companies) on the exact date that ownership control was obtained.


NAME (OWNER/LESSEE)

LOCATION (STREET ADDRESS/CITY)

ASSESSOR'S PARCEL NO.

CO. NO.

OWNED

LEASED 35 YEARS +

POSSESSORY FIXTURES ONLY INTEREST

COUNTY IDENTIFICATION NUMBERS 01 Alameda 02 Alpine 03 Amador 04 Butte 05 Calaveras 06 Colusa 07 Contra Costa 08 Del Norte 09 El Dorado 10 Fresno 11 Glenn 12 Humbolt 13 Imperial 14 Inyo 15 Kern 16 Kings 17 Lake 18 Lassen 19 Los Angeles 20 Madera 21 Marin 22 Mariposa 23 Mendocino 24 Merced 25 Modoc 26 Mono 27 Monterey 28 Napa 29 Nevada 30 Orange 31 Placer 32 Plumas 33 Riverside 34 Sacramento 35 San Benito 36 San Bernardino 37 San Diego 38 San Francisco 39 San Joaquin 40 San Luis Obispo 41 San Mateo 42 Santa Barbara 43 Santa Clara 44 Santa Cruz 45 Shasta 46 Sierra 47 Siskiyou 48 Solano 49 Sonoma 50 Stanislaus 51 Sutter 52 Tehama 53 Trinity 54 Tulare 55 Tuolumne 56 Ventura 57 Yolo 58 Yuba

BOE-100-B (S3F) REV. 18 (6-08)

SCHEDULE B: INFORMATION ON ACQUIRING PERSON OR LEGAL ENTITY
Complete this schedule if you answered YES to question 2 on page 1 (S1)

Please provide the following information for the acquiring person or legal entity:
NAME OF THE ACQUIRING PERSON OR LEGAL ENTITY

DATE OWNERSHIP CONTROL WAS OBTAINED

STATE OR FEDERAL IDENTIFICATION NUMBER

MAILING ADDRESS (city, state, and zip code)

CONTACT PERSON

TELEPHONE NUMBER

(
Please answer ALL the following questions, as applicable.
YES NO

)

1. Was the transfer between spouses or registered domestic partners? If NO, proceed to question 2. If YES, complete question 2, then proceed to items 5 and 6. 2. Was the change in ownership control merely a change in the method of holding title such as the transfer of a partnership to a corporation, a corporation to a trust, etc., or vice versa? AND did the proportionate ownership interests remain exactly the same before and after the change? If NO, proceed to question 3. If YES, complete question 3, then proceed to items 5 and 6. 3. Identify the following information regarding nontaxable reorganization: a. Was the change in control a nontaxable reorganization under section 368 of the Internal Revenue Code? If NO, complete questions 3b and 3c, then proceed to items 6 and 7. If YES, proceed to question 3b. b. Was the change in control a nontaxable reorganization under California statutes? If NO, complete question 3c, then proceed to items 6 and 7. If YES, proceed to question 3c. c. Was the change in control a nontaxable reorganization where all of the corporations involved were members of an affiliated group, both before and after the date of the change in control? If NO, proceed to items 6 and 7. If YES, and yes to both 3a and 3b, complete item 4, then proceed to items 5 and 6. 4. Provide the following information regarding common owner:
NAME OF THE COMMON OWNER STATE OR FEDERAL IDENTIFICATION NUMBER

MAILING ADDRESS (city, state, and zip code)

CONTACT PERSON

TELEPHONE NUMBER

(
5. Provide a description of the transfer.

)

(Continued on reverse)

BOE-100-B (S3B) REV. 18 (6-08)

STATE OF CALIFORNIA


BOARD OF EQUALIZATION
6. Ownership Interest Table
OWNER(S)
BEFORE
AFTER


Reporting Instructions:

Corporation - Indicate the percentage of the total outstanding shares of voting stock in the addressed entity that the acquiring person or legal
entity owned or controlled before and after ownership control was obtained.
Partnership - Indicate the percentage of the total rights to capital and profits in the addressed entity that the acquiring person or legal entity
owned before and after ownership control was obtained.
Other types of Legal Entities - Indicate the percentage of the total ownership interests in the addressed entity that the acquiring person or legal
entity owned before and after ownership control was obtained.
7. Property Schedule
Complete item 7 if you answered NO to questions 1, 2, or either 3a, 3b, or 3c on Schedule B. Please list separately each interest in real
property in California held by the addressed legal entity and any of the legal entities under its ownership control (for example, subsidiaries,
partnerships, trusts, joint ventures, limited liability companies) on the exact date that ownership control was obtained.


NAME (OWNER/LESSEE)

LOCATION (STREET ADDRESS/CITY)

ASSESSOR'S PARCEL NO.

CO. NO.

OWNED

LEASED 35 YEARS +

POSSESSORY FIXTURES ONLY INTEREST

COUNTY IDENTIFICATION NUMBERS 01 Alameda 02 Alpine 03 Amador 04 Butte 05 Calaveras 06 Colusa 07 Contra Costa 08 Del Norte 09 El Dorado 10 Fresno 11 Glenn 12 Humbolt 13 Imperial 14 Inyo 15 Kern 16 Kings 17 Lake 18 Lassen 19 Los Angeles 20 Madera 21 Marin 22 Mariposa 23 Mendocino 24 Merced 25 Modoc 26 Mono 27 Monterey 28 Napa 29 Nevada 30 Orange 31 Placer 32 Plumas 33 Riverside 34 Sacramento 35 San Benito 36 San Bernardino 37 San Diego 38 San Francisco 39 San Joaquin 40 San Luis Obispo 41 San Mateo 42 Santa Barbara 43 Santa Clara 44 Santa Cruz 45 Shasta 46 Sierra 47 Siskiyou 48 Solano 49 Sonoma 50 Stanislaus 51 Sutter 52 Tehama 53 Trinity 54 Tulare 55 Tuolumne 56 Ventura 57 Yolo 58 Yuba

BOE-100-B (S4) REV. 18 (6-08)


SCHEDULE C: TRANSFER OF ENTITY'S OWNERSHIP INTEREST

Complete this schedule if you answered YES to question 3 on page 1 (S1)
(If more than one transaction, attach an additional sheet for each.)

Please answer the following, as applicable.

1. Was the transfer between spouses or registered domestic partners?


Yes


No

If NO, proceed to question 2. If YES, attach an
. If applicable


explanation.

2. If you answered YES to question 2 and 3 on page 1 (S1) and the transfer date for question 2 and 3 are the same, check here

you do not need to complete the remainder of Schedule C. If not applicable, proceed to items 3, 4, and 5.

3. List all interests in California real property that were excluded from reappraisal pursuant to section 62, subdivision (a)(2) of the California


Revenue and Taxation Code.
Date when cumulatively more than 50% of the original co-owners interested transferred:

NAME (OWNER/LESSEE) LOCATION (STREET ADDRESS/CITY) ASSESSOR'S PARCEL NO. COUNTY NO.

COUNTY IDENTIFICATION NUMBERS 13 Imperial 01 Alameda 14 Inyo 02 Alpine 15 Kern 03 Amador 16 Kings 04 Butte 17 Lake 05 Calaveras 18 Lassen 06 Colusa 19 Los Angeles 07 Contra Costa 20 Madera 08 Del Norte 21 Marin 09 El Dorado 22 Mariposa 10 Fresno 23 Mendocino 11 Glenn 24 Merced 12 Humbolt

25 26 27 28 29 30 31 32 33 34 35 36

Modoc Mono Monterey Napa Nevada Orange Placer Plumas Riverside Sacramento San Benito San Bernardino

37 38 39 40 41 42 43 44 45 46 47 48

San Diego San Francisco San Joaquin San Luis Obispo San Mateo Santa Barbara Santa Clara Santa Cruz Shasta Sierra Siskiyou Solano

49 50 51 52 53 54 55 56 57 58

Sonoma Stanislaus Sutter Tehama Trinity Tulare Tuolumne Ventura Yolo Yuba

4. List the original co-owners and the percentage of ownership interest held by each at the time of the transaction excluded from reassessment
under Revenue and Taxation Code section 62, subdivision (a)(2). (Attach additional sheets if necessary.)
ORIGINAL CO-OWNER(S) PERCENTAGE OF OWNERSHIP INTEREST HELD

5. List the current owner(s) and the percentage of ownership interest held at the time when cumulatively more the 50% of the original co-owners
interest transferred.

CURRENT OWNER(S) PERCENTAGE OF OWNERSHIP INTEREST HELD

CLEAR

PRINT

BOE-100-B (S5) REV. 18 (6-08)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

Revenue and Taxation Code Section 480.1

IMPORTANT NOTICE
The law requires any person or legal entity acquiring ownership control in any corporation, partnership, limited liability company, or other legal entity owning real property in California subject to local property taxation to complete and file a change in ownership statement with the State Board of Equalization at its office in Sacramento. The change in ownership statement must be filed within 45 days from the date of the change in control of a corporation, partnership, limited liability company, or other legal entity. The law further requires that a change in ownership statement be completed and filed whenever a written request is made therefor by the State Board of Equalization, regardless of whether a change in control of the legal entity has occurred. The failure to file a change in ownership statement within 45 days from the date of a written request by the State Board of Equalization results in a penalty of 10 percent of the taxes applicable to the new base year value reflecting the change in control of the real property owned by the corporation, partnership, limited liability company, or legal entity (or 10 percent of the current year's taxes on that property if no change in control occurred). This penalty will be added to the assessment roll and shall be collected like any other delinquent property taxes, and be subject to the same penalties for nonpayment.

Revenue and Taxation Code Section 480.2

IMPORTANT NOTICE
The law requires any corporation, partnership, limited liability company, or other legal entity owning real property in California subject to local property taxation and transferring shares or other ownership interest in such legal entity which constitutes a change in ownership pursuant to subdivision (d) of Section 64 of the Revenue and Taxation Code to complete and file a change in ownership statement with the State Board of Equalization at its office in Sacramento. The change in ownership statement must be filed within 45 days from the date that shares or other ownership interests representing cumulatively more than 50 percent of the total control or ownership interests in the entity are transferred by any of the original co-owners in one or more transactions. The law further requires that a change in ownership statement be completed and filed whenever a written request is made therefor by the State Board of Equalization, regardless of whether a change in ownership of the legal entity has occurred. The failure to file a change in ownership statement within 45 days from the date of a written request by the Board of Equalization results in a penalty of 10 percent of the taxes applicable to the new base year value reflecting the change in ownership of the real property owned by the corporation, partnership, limited liability company, or legal entity (or 10 percent of the current year's taxes on that real property if no change in ownership occurred). This penalty will be added to the assessment roll and shall be collected like any other delinquent property taxes, and be subject to the same penalties for nonpayment.

BOE-100-B-INST (S1F) REV. 1 (6-08)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

InstructIons for coMPLEtInG BoE-100-B

statEMEnt of cHanGE In controL and ownErsHIP of LEGaL EntItIEs


Introduction
Filing Requirement for Legal Entities
You are receiving this statement, BOE-100-B, Statement of Change in Control and Ownership of Legal Entities,
pursuant to the Revenue and Taxation Code. The purpose of this statement is to determine if real property owned,
controlled, or leased by legal entities is subject to reassessment for property tax purposes.
All legal entities are required by law (Revenue and Taxation Code sections 480.1 and 480.2) to complete the statement and return it to the State Board of Equalization (Board) on or before the due date printed on the questionnaire. a penalty may apply for failure to file the statement. In accordance with Revenue and Taxation Code section 482, a failure to file the statement within 45 days of the Board's written request requires the imposition of a penalty of 10 percent of the taxes whether or not a change in control or ownership of the legal entity has occurred. If the statement is filed within 60 days of the notice of the penalty, the penalty is automatically extinguished. Further information is available on the Board's website at www.boe.ca.gov and can be accessed by selecting 1) Property Tax, and 2) Legal Entity Ownership Program. Additionally, you may contact the Legal Entity Ownership Program Section of the County-Assessed Properties Division at 916-323-5685. This statement must be filed with the County-Assessed Properties Division, Board of Equalization, PO Box 942879, Sacramento, CA 94279-0064. Reassessment of Property Owned by Legal Entities A transfer of an interest in real property is not the same as the transfer of an interest in a legal entity. Revenue and Taxation Code section 64, subdivision (a), provides the general rule that transfers of interests in legal entities do not con stitute changes in ownership (and therefore reassessments) of the real property owned by those legal entities. However, there are two relevant exceptions to that general rule. The first exception is found in Revenue and Taxation Code section 64, subdivision (c)(1), which provides that when any person or entity obtains control through direct or indirect ownership or control of more than 50 percent of the voting stock of a corporation, or of more than a 50 percent ownership interest in any other type of legal entity, a change in ownership of any and all the real property owned by the entity occurs. The second exception to the general rule is found in Revenue and Taxation Code section 64, subdivision (d), which provides that when voting stock or other ownership interests representing cumulatively more than 50 percent of the total interests in a legal entity are transferred by any of the "original co-owners" in one or more transactions, the real property which was previously excluded from change in ownership under Revenue and Taxation Code section 62, subdivision (a)(2), shall be reassessed. Under Revenue and Taxation Code section 62, subdivision (a)(2), there is no change in ownership when a transfer of real property to a legal entity results solely in a change in the method of holding title to the real property and the proportional ownership interests of the transferors and transferees, whether directly or indirectly through stock, partnership interests, or otherwise, in each and every piece of real property transferred, remain exactly the same both before and after the transfer. However, when a transfer of real property to a legal entity is excluded from change in ownership under section 62, subdivision (a)(2), the owners of the legal entity interests immediately after the transfer become "original co-owners." Thereafter, when the original co-owners cumulatively transfer more than 50 percent of their ownership interest in one or more transactions, the real property previously excluded under section 62, subdivision (a)(2) is reappraised. PLEASE READ THE IMPORTANT NOTICE ON PAGE 7 (S5) OF THIS FORM BEFORE PROCEEDING. tHIs statEMEnt sHouLd BE coMPLEtEd and rEturnEd EVEn If tHE addrEssEd LEGaL EntItY Has BEEn dIssoLVEd or LIQuIdatEd.

Interest in real Property
For purposes of this statement, the term "interest in real property" includes any of the following: 1. Land, structures, or fixtures OWNED, except that which is leased to any person or unaffiliated entity where the remaining term of the lease, including written renewal options, exceeds 35 years; 2. Land, structures, or fixtures HELD UNDER LEASE from a private owner where the remaining term of the lease, including written renewal options, exceeds 35 years;

BOE-100-B-INST (S1B) REV. 1 (6-08)

3. Land, structures, or fixtures HELD UNDER LEASE from a public owner (that is, any arm or agency of local, state, or federal government) for any term; or 4. Mineral rights, including working interests in oil, gas, and geothermal steam-producing properties owned or held on lease for any term, whether in production or not.

cover Page

Identification no.: for corporations, the identification number is the entity's corporate ID number assigned by the
California Secretary of State; for partnerships, this is the entity's federal employer ID number; for limited liability companies,
this is the entity's ID number assigned by the California Secretary of State.
Question 1: Answer YES to question 1 only if both of the following are true: (1) At any time since the indicated date (but not before), the addressed legal entity or any legal entity under its control acquired more than 50 percent of the ownership interests in any other legal entity(ies);
AND
(2) On the date of any such acquisition, the acquired entity(ies) held any interest(s) in real property in California. EXAMPLE Facts: ABCCorporationmustcompleteastatementregardingeventsoccurringsinceJanuary1,2005. OnJanuary22,2005,ABCCorporationheld48percentofthevotingstockinXYZCorporation. Thenextday,January23,2005,ABCacquiredanadditional3percentofXYZ'svotingstock. OnJanuary23,2005,XYZCorporationheldunderleasefromaprivateowneraparceloflandinCalifornia,where the remaining term of the lease was 37 years. Under these facts, ABC Corporation should answer YES to question 1 because: (1) ABC acquired more than 50 percent of the ownership interests in another legal entity (XYZ) since the indicated date, and (2) on the date ABC acquired interests in XYZ that exceeded 50 percent, XYZ held an interest in real property in California. Question 2: Answer YES to question 2 only if both of the following are true: (1) At any time since the indicated date (but not before) a person or a legal entity other than the addressed legal entity obtained more than 50 percent of the ownership interests in the addressed legal entity;
AND
(2) On the date of any such acquisition, the addressed entity held any interest(s) in real property in California. EXAMPLE Facts: PartnershipBmustcompleteastatementregardingeventsoccurringsinceJanuary1,2005. OnMarch3,2005,PartnershipAheldnointerestinPartnershipB. The next day, March 4, 2005, Partnership A acquired 51 percent of the interests in the capital and profits of Partnership B. OnMarch4,2005,PartnershipBownedasingle-familyresidenceinCalifornia. Under these facts, Partnership B should answer YES to question 2 because: (1) more than 50 percent of the interests in Partnership B were acquired by another legal entity (Partnership A), and (2) on the date Partnership A acquired interests in Partnership B that exceeded 50 percent, Partnership B held an interest in real property in California. Question 3: Answer YES to question 3 only if both of the following are true: (1) Since March 1, 1975, real property has been transferred to the addressed legal entity in a transaction that was excluded from reassessment under Revenue and Taxation Code section 62, subdivision (a)(2);* AND

BOE-100-B-INST (S2F) REV. 1 (6-08)

(2) After such transfer, the original co-owners** have cumulatively transferred in one or more transactions more than 50 percent of their interests in the addressed legal entity. note: For purposes of question 3, report only transactions that have not been reported in a previous filing with the Board. *revenue and taxation code section 62, subdivision (a)(2) Under this provision, a transfer of real property to a legal entity does not result in a reassessment if the transfer
is merely a change in the method of holding title and the proportional ownership interests in the real property are
exactly the same before and after the transfer.
EXAMPLE
A transfer of real property from equal cotenants A, B, and C to XYZ Corporation, where after the transfer A, B,
and C each hold 331/3 percent of the voting shares in XYZ Corporation, is deemed to be merely a change in the
method of holding title, and, therefore, does not result in a reassessment of the real property transferred.
**original co-owners After a transfer of real property that qualifies for exclusion from reassessment under Revenue and Taxation Code section 62, subdivision (a)(2), the persons holding ownership interests in the legal entity immediately after the transfer are considered "original co-owners" for purposes of tracking subsequent transfers by them of those interests. When such transfers cumulatively exceed 50 percent, the real property previously excluded from reas sessment under section 62, subdivision (a)(2), is deemed to undergo a change in ownership, and is, therefore, subject to reassessment under Revenue and Taxation Code section 64, subdivision (d). EXAMPLE After the transfer described above, A, B, and C are deemed to be "original co-owners" for purposes of tracking subsequent transfers by them of their newly obtained interests in XYZ Corporation. If A, B, and C subsequently transfer more than 50 percent of those interests in one or more transactions, the real property previously excluded from reassessment under section 62, subdivision (a)(2) will be subject to reassessment on the date of the trans action that caused the 50 percent threshold to be exceeded.

schedule summary
Check the box indicating the applicable schedules to be attached based on one or more YES answers to questions 1, 2, or 3; or, if you answered NO to all three questions, check the box so indicating. certification Complete the certification by signing the statement including the title of the person signing, and entering the date signed. An unsigned statement is not considered complete, and you may be subject to late-filing penalties. The statement shall be signed either by an officer, partner, or an employee or agent who has been designated in writing by the board of directors, partnership, or limited liability company, or other entity to sign such statements on its behalf.

schedule a
Question 1: Indicate whether the transfer of ownership interests in the acquired entity was between spouses or registered domestic partners. Question 2: Indicate whether the acquisition of more than 50 percent of the ownership interests in the entity was merely a change in the method of holding title AND the proportionate ownership interests remain exactly the same before and after the change. Question 3: Indicate whether the acquisition of more than 50 percent of the ownership interests in the entity: wasconsideredanontaxablereorganizationundersection368oftheInternalRevenueCode; wasconsideredanontaxablereorganizationunderCaliforniastatutes;or constituted a nontaxable reorganization where all of the companies involved were members of an affiliated group,*** both before and after the date of the acquisition.

BOE-100-B-INST (S2B) REV. 1 (6-08)

Item 4: Provide the requested information on the common owner, if applicable. Item 5: Provide a description of the transfer. Item 6: Provide the requested information on the ownership interests both before and after the change. Item 7: Provide a listing of property, identifying the requested information. See (S1F) for the definition of interest in real property.

schedule B
Question 1: Indicate whether the transfer of ownership interests in the acquiring entity was between spouses or registered domestic partners. Question 2: Indicate whether the acquisition of more than 50 percent of the ownership interests in the entity was merely a change in the method of holding title AND the proportionate ownership interests remain exactly the same before and after the change. Question 3: Indicate whether the acquisition of more than 50 percent of the ownership interests in the entity: wasconsideredanontaxablereorganizationundersection368oftheInternalRevenueCode; wasconsideredanontaxablereorganizationunderCaliforniastatutes;or constituted a nontaxable reorganization where all of the companies involved were members of an affiliated group,*** both before and after the date of the acquisition. Item 4: Provide the requested information on the common owner, if applicable. Item 5: Provide a description of the transfer. Item 6: Provide the requested information on the ownership interests both before and after the change. Item 7: Provide a listing of property, identifying the requested information. See (S1F) for the definition of interest in real property.

schedule c
Question 1: Indicate whether the transfer of ownership interests was between spouses or registered domestic partners. Question 2: Indicate whether the transfer occurred on the same date as the transfer reported on question 2 of page 1 (S1). Item 3: Provide the requested information for excludable interests. Items 4 and 5: Provide the requested information on original co-owners and current owners. ***affiliated Group Affiliated group for property tax purposes means one or more chains of corporations connected through stock ownership with a common parent corporation if: (1) 100 percent of the voting stock of each of the corporations is owned by one or more of the other corporations, and (2) the common parent corporation owns 100 percent of the voting stock of at least one of the other corporations.