Rev. & Tax. Code, § 24442 · Article 3. Items Not Deductible

Rev. & Tax. Code, § 24442

Verbatim from the official edition

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

In the case of the demolition of any structure—

(1) No deduction otherwise allowable under this part shall be allowed to the owner or lessee of such structure for—

(A) Any amount expended for such demolition, or

(B) Any loss sustained on account of such demolition; and

(2) Amounts described in paragraph (1) shall be treated as property chargeable to capital account with respect to the land on which the demolished structure was located.

Notes and commentary — not statutory text

History

Amended by Stats. 1985, Ch. 1461, Sec. 114. Effective October 1, 1985.

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=24442.
Text hash: sha256 c39f83b826f2f5a878dbb7a3e2baa04e6fd7ffdebb65539e7040f5f5b74094c1
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, § 24442. Each shows the citation as that text prints it.

Revenue and Taxation Code

Rev. & Tax. Code, § 24369.4Printed as Section 24442

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.