Revenue and Taxation Code section 24357.3

For purposes of Section 24357, in determining the value of a remainder interest in real property, depreciation (computed on the straight line method) and depletion of such property shall be taken into account, and such value shall be discounted at a rate of 6 percent per annum, except that the Franchise Tax Board may prescribe a different rate.

Source: Section 24357.3, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24357.3. (updated Jan. 1, 1971; accessed Nov. 10, 2025).

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Nov. 10, 2025

§ 24357.3's source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_24357.3

Original Source: Section 24357.3, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24357.3. (last accessed May 12, 2025).