{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24355","citation":"Rev. & Tax. Code, § 24355","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 11. CORPORATION TAX LAW [23001. - 25141.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11"},{"name":"CHAPTER 7. Net Income [24341. - 24449.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-7"},{"name":"ARTICLE 1. Deductions [24341. - 24383.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-7/article-1"}],"history":"Amended by Stats. 1997, Ch. 611, Sec. 83.   Effective October 3, 1997.","effective":"1997-10-03","html":"<p>Section <a href=\"/rtc/167\">167</a>(f) of the Internal Revenue Code, relating to treatment of property excluded from Section <a href=\"/rtc/197\">197</a>, shall apply, except as otherwise provided.</p>","text":"Section 167(f) of the Internal Revenue Code, relating to treatment of property excluded from Section 197, shall apply, except as otherwise provided.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/deductions-24355","source":"California Legislative Information bulk export (pubinfo)"}