California Legal Codes and Statutes

§ 24694

Added by Stats. 2005, Ch. 691, Sec. 71. Effective October 7, 2005.

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.

Cite this section

Cal. Rev. & Tax. Code § 24694 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-13-accounting-periods-and-methods-of-accounting/article-4-year-of-deduction/section-24694

Other sections in Article 4 - Year of Deduction

§ 24681§ 24682§ 24685§ 24685.5§ 24688§ 24689§ 24690§ 24691§ 24692§ 24693§ 24694

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