California Revenue and Taxation Code 18165 – (a) Section 1245(a)(2)(C) of the Internal Revenue Code, relating …
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(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 17252.5, 17265, and 17266.
(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.
Terms Used In California Revenue and Taxation Code 18165
- Amortization: Paying off a loan by regular installments.
(Amended by Stats. 2010, Ch. 14, Sec. 40. (SB 401) Effective January 1, 2011.)