California Legal Codes and Statutes

§ 24372.5

Repealed and added by Stats. 1997, Ch. 611, Sec. 88. Effective October 3, 1997.
(a)Section 194 of the Internal Revenue Code, relating to amortization of reforestation expenditures, shall apply, except as otherwise provided.
(b)The deduction allowed by this section shall be available only with respect to qualified timber property located in this state.

Cite this section

Cal. Rev. & Tax. Code § 24372.5 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-7-net-income/article-1-deductions/section-24372.5

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

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