Cal. Rev. & Tax. Code § 24355.3

Current through the 2023 Legislative Session.

Section 24355.3 - Useful life of Alaska natural gas pipeline

For purposes of computing the depreciation deduction pursuant to Section 24349, the useful life of any Alaska natural gas pipeline, as defined in Section 168(i)(16) of the Internal Revenue Code, shall be seven years.

Ca. Rev. and Tax. Code § 24355.3

Renumbered from Ca. Rev. and Tax. Code § 24355.5 and amended by Stats 2016 ch 86 (SB 1171),s 293, eff. 1/1/2017.

Renumbered from Ca. Rev. and Tax. Code § 24355.4 by Stats 2015 ch 303 (AB 731),s 493, eff. 1/1/2016.

Added by Stats 2005 ch 691 (AB 115),s 61.5, eff. 1/1/2006.