California Statutes
§ 18037. — 18037. (Amended by Stats. 2003, Ch. 185, Sec. 17.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 10. PART 10. PERSONAL INCOME TAX·Ch. 13. CHAPTER 13. Gain or Loss on Disposition of Property
An election made by a taxpayer pursuant to Section 1033(g)(3) of the Internal Revenue Code, relating to the election to treat outdoor advertising displays as real property, may not be denied because the taxpayer has, on his or her federal return, elected to expense the asset.
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California § 18037. (18037. (Amended by Stats. 2003, Ch. 185, Sec. 17.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2003, Ch. 185, Sec. 17. Effective January 1, 2004.