Cal. Revenue and Taxation Code § 17250.5
Cal. Revenue and Taxation Code § 17250.5
California · California Revenue and Taxation Code · Status: effective · Effective 2011-01-01
Cite this
- Citation
- Cal. Revenue and Taxation Code § 17250.5, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/920684
- Permanent ID
ys:prov:920684@1- SHA-256
9bd7cee90227248d0903b69d66959fe33a0a1f970613998d16fcc21f41dfcc50
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Section 167(g) of the Internal Revenue Code, relating to depreciation under income forecast method, shall be modified as follows:
(1) Section 167(g)(2)(C) of the Internal Revenue Code is modified by substituting “Section 19521” for “Section 460(b)(7)” of the Internal Revenue Code.
(2) Section 167(g)(5)(D) of the Internal Revenue Code is modified by substituting “Part 10.2 (commencing with Section 18401) (other than Section 19136)” for “Subtitle F (other than Sections 6654 and 6655).”
(3) Section 167(g)(5)(E) of the Internal Revenue Code, relating to treatment of distribution costs, shall not apply.
(4) Section 167(g)(7) of the Internal Revenue Code, relating to treatment of participations and residuals, shall not apply.
(b) Section 167(h) of the Internal Revenue Code, relating to amortization of geological and geophysical expenditures, shall not apply.