California Statutes
§ 24355.4. — 24355.4. (Added by Stats. 1998, Ch. 322, Sec. 80.)
California·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
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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California § 24355.4. (24355.4. (Added by Stats. 1998, Ch. 322, Sec. 80.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1998, Ch. 322, Sec. 80. Effective August 20, 1998.