The deduction allowed by Section 194 of the Internal Revenue Code, relating to amortization of reforestation expenditures, shall be available only with respect to qualified timber property located in this state.

(Added by Stats. 1997, Ch. 611, Sec. 36. Effective October 3, 1997.)

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Terms Used In California Revenue and Taxation Code 17278.5

  • Amortization: Paying off a loan by regular installments.
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