Rev. & Tax. Code, § 24368.1 · Article 1. Deductions
Rev. & Tax. Code, § 24368.1
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Section 167(e) of the Internal Revenue Code, relating to certain term interests not depreciable, shall apply.
(b) The provisions of Section 7622(b) of Public Law 101-239, relating to the effective date of changes in treatment of transfers of franchises, trademarks, and trade names, shall apply.
(c) The provisions of Section 7645(b) of Public Law 101-239, relating to the effective date of disallowance of depreciation for certain term interests, shall apply.
Notes and commentary — not statutory text
History
Amended by Stats. 1991, Ch. 117, Sec. 71. Effective July 16, 1991.
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=24368.1.
- Text hash
- sha256 681a95f3a29915ae6f0165899bb55d0b9c15440d03f828b8edd37d6107a7d8fb
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.