California Revenue and Taxation Code

§ 25130

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

RTC § 25130Div. 2 · Part 11 · Ch. 17 · Art. 2

Statute text

View on leginfo.ca.gov

Property owned by the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental rate received by the taxpayer from subrentals.

Legislative history

Added by Stats. 1966, Ch. 2.