(a) Gross income does not include cost-share payments received by forest landowners from the Department of Forestry and Fire Protection pursuant to the California Forest Improvement Act of 1978 (Part 2.5 (commencing with Section 4790) of Division 1 of the Public Resources Code) or from the United States Department of Agriculture, Forest Service, under the Forest Stewardship Program and the Stewardship Incentives Program, pursuant to the Cooperative Forestry Assistance Act, as amended (Public Law 101-624). (b) The amount of any cost-share payment excluded pursuant to subdivision (a) shall not be considered with regard to either of the following: (1) Determining the basis of property acquired or improved. (2) Computing any allowable deduction to which the taxpayer may otherwise be entitled.
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