Home/California/Statutes/Code RTC: Revenue and Taxation Code - RTC/Div. 2.: DIVISION 2. OTHER TAXES/Part 11.: PART 11. CORPORATION TAX LAW/Ch. 7.: CHAPTER 7. Net Income/Art. 1.: ARTICLE 1. Deductions/§ 24355.4.
California Statutes

§ 24355.4. — 24355.4. (Added by Stats. 1998, Ch. 322, Sec. 80.)

California § 24355.4.
JurisdictionCalifornia
Code RTCRevenue and Taxation Code - RTC
Div. 2.DIVISION 2. OTHER TAXES
Part 11.PART 11. CORPORATION TAX LAW
Ch. 7.CHAPTER 7. Net Income
Art. 1.ARTICLE 1. Deductions

This text of California § 24355.4. (24355.4. (Added by Stats. 1998, Ch. 322, Sec. 80.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Revenue and Taxation Code - RTC Code § 24355.4. (2026).

Text

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.

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Legislative History

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

Nearby Sections

4
§ 24355.
24355. (Amended by Stats. 1997, Ch. 611, Sec. 83.)
§ 24355.3.
24355.3. (Added by renumbering Section 24355.5 (as renumbered by Stats. 2015, Ch. 303, Sec. 493) by Stats. 2016, Ch. 86, Sec. 293.)
§ 24355.4.
24355.4. (Added by Stats. 1998, Ch. 322, Sec. 80.)
§ 24355.5.
24355.5. (Amended by Stats. 2000, Ch. 862, Sec. 136.)
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California § 24355.4., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24355.4..