California Revenue and Taxation Code

§ 17250

RTC § 17250 Effective Oct 1, 2025Div. 2 · Part 10 · Ch. 3 · Art. 6

Statute text

(a)Section 168 of the Internal Revenue Code is modified as follows:

(1)Any reference to “tax imposed by this chapter” in Section 168 of the Internal Revenue Code means “net tax,” as defined in Section 17039.

(2)(A) Section 168(e)(3) is modified to provide that any grapevine, replaced in a vineyard in California in any taxable year beginning on or after January 1, 1992, as a direct result of a phylloxera infestation in that vineyard, or replaced in a vineyard in California in any taxable year beginning on or after January 1, 1997, as a direct result of Pierce’s disease in that vineyard, shall be “five-year property,” rather than “10-year property.”

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 36. (SB 711) Effective October 1, 2025.