Revenue and Taxation Code section 24355.4

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.

Source: Section 24355.4, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24355.4. (accessed Apr. 24, 2025).

Last Updated

Apr. 24, 2025

§ 24355.4’s source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_24355.4

Original Source: Section 24355.4, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24355.4. (last accessed Apr. 24, 2025).