California § 24357.3. 24357.3. (Added by Stats. 1971, 1st Ex. Sess., Ch. 1.)

California Statutes

§ 24357.3. — 24357.3. (Added by Stats. 1971, 1st Ex. Sess., Ch. 1.)

California § 24357.3.

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 § 24357.3. (24357.3. (Added by Stats. 1971, 1st Ex. Sess., Ch. 1.)) 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 § 24357.3. (2026).

Text

For purposes of Section 24357, in determining the value of a remainder interest in real property, depreciation (computed on the straight line method) and depletion of such property shall be taken into account, and such value shall be discounted at a rate of 6 percent per annum, except that the Franchise Tax Board may prescribe a different rate.

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