California Revenue and Taxation Code

§ 24436.5

RTC § 24436.5 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 7 · Art. 3

Statute text

(a)No deduction shall be allowed for interest, depreciation, taxes, or amortization paid or incurred in the taxable year under Section 24343, 24344, 24345, or 24349, with respect to substandard housing located in this state, except as provided in subdivision (e).

(b)“Substandard housing” means occupied dwellings from which the taxpayer derives rental income or unoccupied or abandoned dwellings for which both of the following apply:

(1)Either of the following occurs:

…

Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 168. Effective January 1, 2001.