Home/California/Statutes/Code RTC: Revenue and Taxation Code - RTC/Div. 2.: DIVISION 2. OTHER TAXES/Part 11.: PART 11. CORPORATION TAX LAW/Ch. 7.: CHAPTER 7. Net Income/Art. 3.: ARTICLE 3. Items Not Deductible/§ 24442.
California Statutes

§ 24442. — 24442. (Amended by Stats. 1985, Ch. 1461, Sec. 114.)

California § 24442.
JurisdictionCalifornia
Code RTCRevenue and Taxation Code - RTC
Div. 2.DIVISION 2. OTHER TAXES
Part 11.PART 11. CORPORATION TAX LAW
Ch. 7.CHAPTER 7. Net Income
Art. 3.ARTICLE 3. Items Not Deductible

This text of California § 24442. (24442. (Amended by Stats. 1985, Ch. 1461, Sec. 114.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Revenue and Taxation Code - RTC Code § 24442. (2026).

Text

In the case of the demolition of any structure—

(1)No deduction otherwise allowable under this part shall be allowed to the owner or lessee of such structure for—
(A)Any amount expended for such demolition, or
(B)Any loss sustained on account of such demolition; and
(2)Amounts described in paragraph (1) shall be treated as property chargeable to capital account with respect to the land on which the demolished structure was located.

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Legislative History

Amended by Stats. 1985, Ch. 1461, Sec. 114. Effective October 1, 1985.

Nearby Sections

2
§ 24442.
24442. (Amended by Stats. 1985, Ch. 1461, Sec. 114.)
§ 24442.5.
24442.5. (Amended by Stats. 2000, Ch. 862, Sec. 170.)
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California § 24442., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24442..