Cal. Rev. & Tax. Code § 402.95
Current through the 2023 Legislative Session.
In valuing property under the income method of appraisal, the assessor shall exclude from income the benefit from federal and state low-income housing tax credits allocated by the California Tax Credit Allocation Committee pursuant to Section 42 of the Internal Revenue Code and Sections 12206, 17058, and 23610.5.
Ca. Rev. and Tax. Code § 402.95