Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2012
Revenue and Taxation Code
Part 2. Assessment
Chapter 3. Assessment Generally
Article 1. General Requirements
402.95. Low-income housing; tax credits. 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.
History.—Added by Stats. 2004, Ch. 786 (AB 2846), in effect January 1, 2005.