Why do I have a Vessel Property Statement?

This is a requirement of section 441(d) of the California Revenue and Taxation Code. Statements are sent in order to gather the most up to date information on the property so that an accurate value can be determined.

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1. Why do I have a Vessel Property Statement?
2. What will happen if I do not return the Vessel Property Statement?
3. What if the due date to file a Vessel Property Statement falls on a Saturday, Sunday, or legal holiday?