Is Cal. Rev. & Tax. Code § 24368.1 — Deductions still in force?

Statute · California Revenue and Taxation Code

Cal. Rev. & Tax. Code § 24368.1 — Deductions

Cal. Rev. & Tax. Code § 24368.1

Type: Statute
Source: California Revenue and Taxation Code
Jurisdiction: California
Date: 1991-07-16
Current through: Nov 2, 2026 (California Legislative Counsel)

(a) Section 167(e) of the Internal Revenue Code, relating to certain term interests not depreciable, shall apply.

Citator

Cal. Rev. & Tax. Code § 24368.1 — Deductions is in force in the current edition of the Code, and nothing recorded condemns it.

(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.