§ 402.95
48 words·~1 min read·
/ca/revenue-and-taxation-code/402-95A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In valuing property under the income method of appraisal, the assessor shall exclude from income the benefit from federal and state low-income housing tax credits allocated by the California Tax Credit Allocation Committee pursuant to Section 42 of the Internal Revenue Code and Sections 12206, 17058, and 23610.5.