DIVISION 2. OTHER TAXES 6001-61050›PART 11. CORPORATION TAX LAW 23001-25141›CHAPTER 6. Gross Income 24271-24329›ARTICLE 2. Exclusions 24301-24315

§ 24309

California Revenue and Taxation Code · 2020-11 edition · updated 2026-10-04 · California

Gross income does not include income (other than rent) derived by a lessor of real property on the termination of a lease, representing the value of such property attributable to buildings erected or other improvements made by the lessee.

(Added by Stats. 1955, Ch. 938.)

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California Revenue and Taxation Code

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