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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2015
Accounting Policies [Abstract] |
Reconciliation between U.S. Statutory Federal Income Tax Rate and Effective Income Tax Rate | A reconciliation between the U.S. statutory federal income tax rate and our effective income tax rate for the years ended December 31, 2015, 2014 and 2013 is provided in the following table:
|  | 2015 |  |  | 2014 |  |  | 2013 |
U.S. statutory federal income tax rate |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
State taxes, net of U.S. federal income tax benefit(1) |  |  | 0.0 | % |  |  | 26.9 | % |  |  | 41.7 | %
Other adjustments(2) |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 473.4 | %
Effective tax rate |  |  | 0.0 | % |  |  | 26.9 | % |  |  | 515.1 | %
(1) | State tax adjustments made to the 2013 and 2014 income tax provision related to taxes owed to the state of California as a result of prior-year land transfers.
(2) | Adjustments made to the 2013 income tax provision related primarily to the recognition of $2.1 million of income taxes on a deferred intercompany gain relating to land transfers from prior years. This tax became due upon our election to be taxed as a REIT for the tax year ended December 31, 2013. This was partially offset by the reversal of our deferred tax liability, which resulted in a net benefit of REIT conversion of $743,676.

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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