California Revenue and Taxation Code

§ 24368.1

RTC § 24368.1 Effective Jul 16, 1991Div. 2 · Part 11 · Ch. 7 · Art. 1

Statute text

(a)Section 167(e) of the Internal Revenue Code, relating to certain term interests not depreciable, shall apply.

(b)The provisions of Section 7622(b) of Public Law 101-239, relating to the effective date of changes in treatment of transfers of franchises, trademarks, and trade names, shall apply.

(c)The provisions of Section 7645(b) of Public Law 101-239, relating to the effective date of disallowance of depreciation for certain term interests, shall apply.

Legislative history

Amended by Stats. 1991, Ch. 117, Sec. 71. Effective July 16, 1991.