California · Through 2026-09-13

RTC § 24442

Where this section sits in the code

Revenue and Taxation Code - RTC
DIVISION 2. OTHER TAXES [6001. - 61050.]
PART 11. CORPORATION TAX LAW [23001. - 25141.]
CHAPTER 7. Net Income [24341. - 24449.]
ARTICLE 3. Items Not Deductible [24421. - 24449.]

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.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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