Rev. & Tax. Code, § 24422 · Article 3. Items Not Deductible
Rev. & Tax. Code, § 24422
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
No deduction shall be allowed for both of the following:
(a) Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate. This subdivision shall not apply to:
(1) Expenditures for the development of mines or deposits deductible under Section 616 of the Internal Revenue Code.
(2) Soil and water conservation expenditures deductible under Section 24369.
(3) Expenditures for farmers for fertilizer, etc., deductible under Section 24377.
(4) Research and experimental expenditures deductible under Section 24365.
(5) Expenditures for which a deduction is allowed under Section 24356.7.
(6) Expenditures for removal of architectural and transportation barriers to the handicapped and elderly that the taxpayer elects to deduct under Section 24383.
(b) Any amount expended in restoring property or in making good the exhaustion thereof for which an allowance is or has been made.
Notes and commentary — not statutory text
History
Amended by Stats. 2011, Ch. 296, Sec. 285. (AB 1023) Effective January 1, 2012.
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§ionNum=24422.
- Text hash
- sha256 bb0fa69a1cf5097a0cb1495edb17bf0028e9db62aca7818496f1232d69a85883
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.