Rev. & Tax. Code, § 24350 · Article 1. Deductions
Rev. & Tax. Code, § 24350
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Paragraphs (2), (3), and (4) of Section 24349(b) shall apply only in the case of property (other than intangible property) described in Section 24349(a) with a useful life of three years or more—
(a) The construction, reconstruction, or erection of which is completed after December 31, 1958, and then only to that portion of the basis which is properly attributable to such construction, reconstruction, or erection after December 31, 1958; or
(b) Acquired after December 31, 1958, if the original use of such property commences with the taxpayer and commences after such date.
Notes and commentary — not statutory text
History
Amended by Stats. 1959, Ch. 1127.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24350.
- Text hash
- sha256 e2be3b0f615685981960559477d42d9b00b7ca5cab057c0810bbddb0c09ea653
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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Revenue and Taxation Code
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