Rev. & Tax. Code, § 24309 · Article 2. Exclusions

Rev. & Tax. Code, § 24309

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

Gross income does not include income (other than rent) derived by a lessor of real property on the termination of a lease, representing the value of such property attributable to buildings erected or other improvements made by the lessee.

Notes and commentary — not statutory text

History

Added by Stats. 1955, Ch. 938.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC&sectionNum=24309.
Text hash: sha256 31f9325e58785dd7c18cd81b6385c463475a7e20db73b85f35f4346f8aad6b62
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 1 provision

Provisions in this library whose text cites Rev. & Tax. Code, § 24309. Each shows the citation as that text prints it.

Revenue and Taxation Code

Rev. & Tax. Code, § 24919Printed as Section 24309

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.