Revenue and Taxation Code section 723.1

Operating nonunitary properties are those that the assessee and its regulatory agency consider to be operating as a unit, but the board considers not part of the unit in the primary function of the assessee. This section does not apply to state-assessed property of regulated railway companies. In the case of regulated railway companies, there shall be only two classifications of property for purposes of this code, unitary and nonunitary.

Source: Section 723.1, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=723.­1.­ (updated Sep. 22, 1987; accessed Dec. 29, 2025).

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Verified:
Dec. 29, 2025

§ 723.1's source at ca​.gov