Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 402.9 — General Requirements
Cal. Rev. & Tax. Code § 402.9
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2000-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In valuing property for persons of low and moderate income that is financed under Section 236 or Section 515 of the federal National Housing Act, since federal restrictions accompanying these programs substantially affect actual income and expenses of the property owner, the assessor shall not…
Citator
Cal. Rev. & Tax. Code § 402.9 — General Requirements is in force in the current edition of the Code, and nothing recorded condemns it.
In valuing property for persons of low and moderate income that is financed under Section 236 or Section 515 of the federal National Housing Act, since federal restrictions accompanying these programs substantially affect actual income and expenses of the property owner, the assessor shall not consider as income any interest subsidy payments made to a lender on that property by the federal government.