{"data":{"id":"us-ca/rtc-24357.3","jurisdiction":"us-ca","citation":"RTC § 24357.3","heading":"","body":"For purposes of Section 24357, in determining the value of a remainder interest in real property, depreciation (computed on the straight line method) and depletion of such property shall be taken into account, and such value shall be discounted at a rate of 6 percent per annum, except that the Franchise Tax Board may prescribe a different rate.","path":["Revenue and Taxation Code - RTC","DIVISION 2. OTHER TAXES [6001. - 61050.]","PART 11. CORPORATION TAX LAW [23001. - 25141.]","CHAPTER 7. Net Income [24341. - 24449.]","ARTICLE 1. Deductions [24341. - 24383.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"b5f2ec35f319f4b23fe638ef645c9263c5264fa879ed717be3736d88c06438c4","source_id":"us-ca","stale":false,"prev":"us-ca/rtc-24357.2","next":"us-ca/rtc-24357.4"},"notice":"GroundRules: Original legal text. Not legal advice."}