Cal. Rev. & Tax. Code § 24355.4

Current through the 2023 Legislative Session.

Section 24355.4 - Class life of four years for qualified rent-to-own property

For purposes of computing the depreciation deduction under Section 24349, a class life of four years shall be used for any qualified rent-to-own property as defined in Section 168(i)(14) of the Internal Revenue Code.

Ca. Rev. and Tax. Code § 24355.4

Added by Stats. 1998, Ch. 322, Sec. 80. Effective August 20, 1998.