{"code":"RTC","codeName":"Revenue and Taxation Code","section":"402.95","citation":"Rev. & Tax. Code, § 402.95","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. PROPERTY TAXATION [50. - 5911.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1"},{"name":"PART 2. ASSESSMENT [201. - 1367.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2"},{"name":"CHAPTER 3. Assessment Generally [401. - 681.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3"},{"name":"ARTICLE 1. General Requirements [401. - 409.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3/article-1"}],"history":"Added by Stats. 2004, Ch. 786, Sec. 1.   Effective January 1, 2005.","effective":"2005-01-01","html":"<p>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 <a href=\"/rtc/12206\">12206</a>, <a href=\"/rtc/17058\">17058</a>, and <a href=\"/rtc/23610.5\">23610.5</a>.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/general-requirements-402-95","source":"California Legislative Information bulk export (pubinfo)"}