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Cal. Rev. & Tax. Code § 24694

Year of Deduction

Added by Stats. 2005, Ch. 691, Sec. 71

Section 470 of the Internal Revenue Code, relating to limitation on deductions allocable to property used by governments or other tax-exempt entities, shall apply, except as otherwise provided.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.