Revenue and Taxation Code § 24368.1

ARTICLE 1. Deductions

Current as of September 28, 2026Rev. & Tax. Code, § 24368.1Official source ↗

Amended by Stats. 1991, Ch. 117, Sec. 71. Effective July 16, 1991.

(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.