{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24309","citation":"Rev. & Tax. Code, § 24309","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 11. CORPORATION TAX LAW [23001. - 25141.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11"},{"name":"CHAPTER 6. Gross Income [24271. - 24329.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-6"},{"name":"ARTICLE 2. Exclusions [24301. - 24315.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-6/article-2"}],"history":"Added by Stats. 1955, Ch. 938.","effective":null,"html":"<p>Gross income does not include income (other than rent) derived by a lessor of real property on the termination of a lease, representing the value of such property attributable to buildings erected or other improvements made by the lessee.</p>","text":"Gross income does not include income (other than rent) derived by a lessor of real property on the termination of a lease, representing the value of such property attributable to buildings erected or other improvements made by the lessee.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/exclusions-24309","source":"California Legislative Information bulk export (pubinfo)"}