Subjects to taxation the possessory interest of a private individual or corporation which uses real property owned by the United States or the state, except for real property owned by public authorities, for business purposes; excludes private property where the use is for a concession available to the general public located on property, such as parks, available for the use of the general public.

Statutes affected:
A5680: 102 real property tax law, 102(12) real property tax law, 402 real property tax law, 402(2) real property tax law