Rev. & Tax. Code, § 24448 · Article 3. Items Not Deductible
Rev. & Tax. Code, § 24448
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Notwithstanding any other provisions in this part, in the case of a taxpayer who owns real property and has either failed to provide the information required pursuant to Section 18642 or has provided information which is either false, misleading, or incomplete in the information return required pursuant to Section 18642, no deduction for interest, taxes, depreciation, or amortization under Section 24343, 24344, 24345, 24349, or 24354.2 shall be allowed which relate to that real property, as provided in subdivision (b).
(b) No deduction shall be allowed for the items provided in subdivision (a) from 60 days after the due date for filing the information return required pursuant to Section 18642 until the date the Franchise Tax Board determines that all provisions of Section 18642 have been complied with.
(c) In the event the period of noncompliance does not cover an entire taxable year, the deductions shall be denied at the rate of one-twelfth for each full month during the period of noncompliance.
Notes and commentary — not statutory text
History
Amended by Stats. 2000, Ch. 862, Sec. 171. Effective January 1, 2001.
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=24448.
- Text hash
- sha256 b5844d883e985623e36ab0ef899f508de2ac04ddcc7a6ea260892c16456a91fc
- 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.
Revenue and Taxation Code
- Rev. & Tax. Code, § 18642Printed as Section 18642
- Rev. & Tax. Code, § 24343Printed as Section 24343, 24344, 24345, 24349, or 24354.2
- Rev. & Tax. Code, § 24344Printed as Section 24343, 24344, 24345, 24349, or 24354.2
- Rev. & Tax. Code, § 24345Printed as Section 24343, 24344, 24345, 24349, or 24354.2
- Rev. & Tax. Code, § 24349Printed as Section 24343, 24344, 24345, 24349, or 24354.2
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.