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/§ 24372.5.
California Statutes

§ 24372.5. — 24372.5. (Repealed and added by Stats. 1997, Ch. 611, Sec. 88.)

California § 24372.5.
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 § 24372.5. (24372.5. (Repealed and added by Stats. 1997, Ch. 611, Sec. 88.)) 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 § 24372.5. (2026).

Text

(a)Section 194 of the Internal Revenue Code, relating to amortization of reforestation expenditures, shall apply, except as otherwise provided.
(b)The deduction allowed by this section shall be available only with respect to qualified timber property located in this state.

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Legislative History

Repealed and added by Stats. 1997, Ch. 611, Sec. 88. Effective October 3, 1997.

Nearby Sections

2
§ 24372.3.
24372.3. (Amended by Stats. 1993, Ch. 877, Sec. 51.)
§ 24372.5.
24372.5. (Repealed and added by Stats. 1997, Ch. 611, Sec. 88.)
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California § 24372.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24372.5..