Section 24368.1.
Cal. Revenue and Taxation Code - RTC § 24368.1.
in effect(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.
References
referencesCal. Revenue and Taxation Code - RTC § 167.
referencesCal. Revenue and Taxation Code - RTC § 7622.
referencesCal. Revenue and Taxation Code - RTC § 7645.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026