Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24355.4 — Deductions
Cal. Rev. & Tax. Code § 24355.4
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 1998-08-20
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Rev. & Tax. Code § 24355.4 — Deductions is in force in the current edition of the Code, and nothing recorded condemns it.
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.