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Cal. Rev. & Tax. Code § 24372.5

Deductions

Repealed and added by Stats. 1997, Ch. 611, Sec. 88

(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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.