California § 17250.5 - Section 167(g) of the Internal Revenue Code, relating to depreciation under incom
Full text of California Public Contract Code - PCC § 17250.5 — Section 167(g) of the Internal Revenue Code, relating to depreciation under incom, with citation guidance and answers to common questions.
§ 17250.5. Section 167(g) of the Internal Revenue Code, relating to depreciation under incom
(a) Section 167(g) of the Internal Revenue Code, relating to depreciation under income forecast method, shall be modified as follows: (1) Section 167(g)(2)(C) of the Internal Revenue Code is modified by substituting âSection 19521â for âSection 460(b)(7)â of the Internal Revenue Code. (2) Section 167(g)(5)(D) of the Internal Revenue Code is modified by substituting âPart 10.2 (commencing with Section 18401) (other than Section 19136)â for âSubtitle F (other than Sections 6654 and 6655).â (3) Section 167(g)(5)(E) of the Internal Revenue Code, relating to treatment of distribution costs, shall not apply. (4) Section 167(g)(7) of the Internal Revenue Code, relating to treatment of participations and residuals, shall not apply. (b) Section 167(h) of the Internal Revenue Code, relating to amortization of geological and geophysical expenditures, shall not apply.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 17250.5
What does Public Contract Code - PCC § 17250.5 cover?
Section 17250.5 ("Section 167(g) of the Internal Revenue Code, relating to depreciation under incom") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 17250.5?
A common citation format is "Public Contract Code - PCC § 17250.5" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 17250.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.