California Legal Codes and Statutes

§ 24368.1

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

Cite this section

Cal. Rev. & Tax. Code § 24368.1 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-7-net-income/article-1-deductions/section-24368.1

Other sections in Article 1 - Deductions

§ 24341§ 24343§ 24343.1§ 24343.2§ 24343.3§ 24343.5§ 24343.7§ 24343.8§ 24344§ 24344.5…§ 24369§ 24369.4§ 24370§ 24372.3§ 24372.5§ 24373§ 24377§ 24379§ 24382§ 24383

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 16, 2026.