California Revenue and Taxation Code

§ 24349.1

RTC § 24349.1 Effective Oct 1, 2025Div. 2 · Part 11 · Ch. 7 · Art. 1

Statute text

(a)Section 280F of the Internal Revenue Code, relating to limitations on depreciation for luxury automobiles and certain property used for personal purposes, shall apply, except as otherwise provided.

(b)Except as provided in subdivision (c), Section 280F of the Internal Revenue Code shall be modified as follows:

(1)The terms “deduction” or “recovery deduction,” relating to amounts allowable as a deduction under Section 168 of the Internal Revenue Code, mean the amount allowable as a deduction for depreciation under this part.

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 92. (SB 711) Effective October 1, 2025.