Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24357.3 — Deductions
Cal. Rev. & Tax. Code § 24357.3
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
For purposes of Section 24357, in determining the value of a remainder interest in real property, depreciation (computed on the straight line method) and depletion of such property shall be taken into account, and such value shall be discounted at a rate of 6 percent per annum, except that the…
Citator
Cal. Rev. & Tax. Code § 24357.3 — Deductions is in force in the current edition of the Code, and nothing recorded condemns it.
For purposes of Section 24357, in determining the value of a remainder interest in real property, depreciation (computed on the straight line method) and depletion of such property shall be taken into account, and such value shall be discounted at a rate of 6 percent per annum, except that the Franchise Tax Board may prescribe a different rate.