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2024 California Code
Revenue and Taxation Code - RTC
DIVISION 2 - OTHER TAXES
PART 11 - CORPORATION TAX LAW
CHAPTER 15 - Gain or Loss on Disposition of Property
ARTICLE 4.5 - Capital Gains and Losses
Section 24990.6.
Universal Citation:
CA Rev & Tax Code § 24990.6 (2024)
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24990.6. (a) Section 1245(a)(2)(C) of the Internal Revenue Code, relating to certain deductions treated as amortization, is modified to also refer to Sections 24356.2, 24356.3, and 24356.4.
(b) Section 1245(b)(8) of the Internal Revenue Code, relating to disposition of amortizable Section 197 intangibles, shall apply to dispositions of property on or after January 1, 2010.
(Amended by Stats. 2010, Ch. 14, Sec. 83. (SB 401) Effective January 1, 2011.)
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