California Revenue and Taxation Code Section 24355.4

CA Rev & Tax Code § 24355.4 (2017)  

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.

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

Last modified: October 25, 2018