BlackletterCalifornia law

Revenue and Taxation Code § 723.1

ARTICLE 1. General Provisions

Current as of September 28, 2026Rev. & Tax. Code, § 723.1Official source ↗

Amended by Stats. 1987, Ch. 921, Sec. 4. Effective September 22, 1987.

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.