California Revenue and Taxation Code

§ 17274

RTC § 17274 Effective Oct 10, 1999Div. 2 · Part 10 · Ch. 3 · Art. 6

Statute text

(a)Notwithstanding any other provisions in this part to the contrary, no deduction shall be allowed for interest, taxes, depreciation, or amortization paid or incurred in the taxable year 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. 1999, Ch. 987, Sec. 31. Effective October 10, 1999.