Section 18037 Of Chapter 13. Gain Or Loss On Disposition Of Property From California Revenue And Taxation Code >> Division 2. >> Part 10. >> Chapter 13.

. An election made by a taxpayer pursuant to Section 1033(g) (3) of the Internal Revenue Code, relating to the election to treat outdoor advertising displays as real property, may not be denied because the taxpayer has, on his or her federal return, elected to expense the asset.