(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.
(Amended by Stats. 1991, Ch. 117, Sec. 71. Effective July 16, 1991.)
Last modified: October 25, 2018