Statute · California Revenue and Taxation Code

Cal. Rev. & Tax. Code § 24355.3 — Deductions

Cal. Rev. & Tax. Code § 24355.3

Type
Statute
Source
California Revenue and Taxation Code
Jurisdiction
California
Date
2017-01-01
Current through
Nov 2, 2026 (California Legislative Counsel)

For purposes of computing the depreciation deduction pursuant to Section 24349, the useful life of any Alaska natural gas pipeline, as defined in Section 168(i)(16) of the Internal Revenue Code, shall be seven years.

Citator

Cal. Rev. & Tax. Code § 24355.3 — Deductions is in force in the current edition of the Code, and nothing recorded condemns it.

For purposes of computing the depreciation deduction pursuant to Section 24349, the useful life of any Alaska natural gas pipeline, as defined in Section 168(i)(16) of the Internal Revenue Code, shall be seven years.