California Revenue and Taxation Code

§ 24355.4

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

RTC § 24355.4 Effective Aug 20, 1998Div. 2 · Part 11 · Ch. 7 · Art. 1

Statute text

View on leginfo.ca.gov

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.

Legislative history

Added by Stats. 1998, Ch. 322, Sec. 80. Effective August 20, 1998.