California Revenue and Taxation Code

§ 24355.3

RTC § 24355.3 Effective Jan 1, 2017Div. 2 · Part 11 · Ch. 7 · Art. 1

Statute text

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.

Legislative history

Added by renumbering Section 24355.5 (as renumbered by Stats. 2015, Ch. 303, Sec. 493) by Stats. 2016, Ch. 86, Sec. 293. (SB 1171) Effective January 1, 2017.