{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24355.4","citation":"Rev. & Tax. Code, § 24355.4","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":"Added by Stats. 1998, Ch. 322, Sec. 80.   Effective August 20, 1998.","effective":"1998-08-20","html":"<p>For purposes of computing the depreciation deduction under Section <a href=\"/rtc/24349\">24349</a>, a class life of four years shall be used for any qualified rent-to-own property as defined in Section <a href=\"/rtc/168\">168</a>(i)(14) of the Internal Revenue Code.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/deductions-24355-4","source":"California Legislative Information bulk export (pubinfo)"}