California Revenue and Taxation Code

§ 24990.6

RTC § 24990.6 Effective Jan 1, 2011Div. 2 · Part 11 · Ch. 15 · Art. 4.5

Statute text

(a)Section 1245(a)(2)(C) of the Internal Revenue Code, relating to certain deductions treated as amortization, is modified to also refer to Sections 24356.2, 24356.3, and 24356.4.

(b)Section 1245(b)(8) of the Internal Revenue Code, relating to disposition of amortizable Section 197 intangibles, shall apply to dispositions of property on or after January 1, 2010.

Legislative history

Amended by Stats. 2010, Ch. 14, Sec. 83. (SB 401) Effective January 1, 2011.