Rev. & Tax. Code, § 24355.4 · Article 1. Deductions
Rev. & Tax. Code, § 24355.4
Verbatim from the official edition
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
For purposes of computing the depreciation deduction under Section 24349, a class life of four years shall be used for any qualified rent-to-own property as defined in Section 168(i)(14) of the Internal Revenue Code.
Notes and commentary — not statutory text
History
Added by Stats. 1998, Ch. 322, Sec. 80. Effective August 20, 1998.
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=24355.4.
- Text hash
- sha256 a570e590066d8f9e7df4436aef60f191467f0b695bd7653f2421850ba24f84e5
- 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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