Section 24368.1 - Applicability of IRC Section 167(e)(a) Section 167(e) of the Internal Revenue Code, relating to certain term interests not depreciable, shall apply. (b) The provisions of Section 7622(b) of Public Law 101-239, relating to the effective date of changes in treatment of transfers of franchises, trademarks, and trade names, shall apply. (c) The provisions of Section 7645(b) of Public Law 101-239, relating to the effective date of disallowance of depreciation for certain term interests, shall apply.Ca. Rev. and Tax. Code § 24368.1
Amended by Stats. 1991, Ch. 117, Sec. 71. Effective July 16, 1991.