Details of Public Law 117-169, section 13703 , Cost Recovery for Qualified Facilities, Qualified Property, and Energy Storage Technology

The PITL, generally conforms to the Modified Accelerated Recovery System (MACRS) in IRC section 168 as of a specified date of 1/1/2015, with modifications, but does not conform to this provision. Under the CTL, California does not conform to federal MACRS depreciation. Instead, the CTL is generally in substantial conformity to the pre-1981 federal asset depreciation range (ADR) rules, which generally allow property to be depreciated based on its useful life. The CTL does not conform to this provision.