{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24694","citation":"Rev. & Tax. Code, § 24694","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 13. Accounting Periods and Methods of Accounting [24631. - 24726.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-13"},{"name":"ARTICLE 4. Year of Deduction [24681. - 24694.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-13/article-4"}],"history":"Added by Stats. 2005, Ch. 691, Sec. 71.   Effective October 7, 2005.","effective":"2005-10-07","html":"<p>Section 470 of the Internal Revenue Code, relating to limitation on deductions allocable to property used by governments or other tax-exempt entities, shall apply, except as otherwise provided.</p>","text":"Section 470 of the Internal Revenue Code, relating to limitation on deductions allocable to property used by governments or other tax-exempt entities, shall apply, except as otherwise provided.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/year-of-deduction-24694","source":"California Legislative Information bulk export (pubinfo)"}