California Revenue and Taxation Code

§ 25124

RTC § 25124 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 17 · Art. 2

(a)Net rents and royalties from real property located in this state are allocable to this state.

(b)Net rent and royalties from tangible personal property are allocable to this state:

(1)If and to the extent that the property is utilized in this state, or

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Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 221. Effective January 1, 2001.