There is a newer version of the California Code
2011 California Code
Revenue and Taxation Code
DIVISION 2. OTHER TAXES [6001 - 60708]
ARTICLE 1. Deductions
Section 24372.5
CA Rev & Tax Code § 24372.5 (through 2012 Leg Sess) What's This?
(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.
(Repealed and added by Stats. 1997, Ch. 611, Sec. 88. Effective October 3, 1997.)
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