{"code":"RTC","codeName":"Revenue and Taxation Code","section":"723.1","citation":"Rev. & Tax. Code, § 723.1","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 4. Assessment by State Board of Equalization Generally [721. - 868.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-4"},{"name":"ARTICLE 1. General Provisions [721. - 725.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-4/article-1"}],"history":"Amended by Stats. 1987, Ch. 921, Sec. 4.   Effective September 22, 1987.","effective":"1987-09-22","html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/general-provisions-723-1","source":"California Legislative Information bulk export (pubinfo)"}