Cal. Rev. & Tax. Code § 24694

Current through the 2023 Legislative Session.
Section 24694 - Applicability of IRC Section 470

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.

Ca. Rev. and Tax. Code § 24694

Added by Stats 2005 ch 691 (AB 115),s 71, eff. 1/1/2006.