Revenue and Taxation Code - RTC
DIVISION 2. OTHER TAXES [6001 - 61050]
( Heading of Division 2 amended by Stats. 1968, Ch. 279. ) PART 11. CORPORATION TAX LAW [23001 - 25141]
( Heading of Part 11 amended by Stats. 2001, Ch. 543, Sec. 21. ) CHAPTER 6. Gross Income [24271 - 24329]
( Chapter 6 added by Stats. 1955, Ch. 938. ) ARTICLE 3. Other Exclusions [24320 - 24329]
( Article 3 added by Stats. 1969, Ch. 1191. ) 24323.
Any amount received as a rebate from a local water agency or supplier for any expenses the taxpayer paid or incurred for the purchase or installation of each water conservation water closet that meets the performance standards of the American National Standards Institute Standard A112.19.2 and uses no more than 1.6 gallons per flush, shall be treated as a refund or price adjustment of amounts payable to that water agency or supplier.
(Added by Stats. 1990, Ch. 809, Sec. 2. Effective September 14, 1990.)