California Revenue and Taxation Code

§ 18037

RTC § 18037 Effective Jan 1, 2004Div. 2 · Part 10 · Ch. 13

Statute text

An election made by a taxpayer pursuant to Section 1033(g)(3) of the Internal Revenue Code, relating to the election to treat outdoor advertising displays as real property, may not be denied because the taxpayer has, on his or her federal return, elected to expense the asset.

Legislative history

Amended by Stats. 2003, Ch. 185, Sec. 17. Effective January 1, 2004.