Revenue and Taxation Code section 402.95

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 Section 12206, 17058, and 23610.5.

Source: Section 402.95, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=402.­95.­ (updated Jan. 1, 2005; accessed Jul. 7, 2025).

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Verified:
Jul. 7, 2025

§ 402.95's source at ca​.gov