California Code
DIVISION 2 - OTHER TAXES
PART 11 - CORPORATION TAX LAW

CHAPTER 1 - General Provisions and Definitions

ARTICLE 1 - General Provisions

Section 23001. - 23001. This part is known and may be cited as...

Section 23002. - 23002. Except where otherwise expressly provided, all of the provisions...

Section 23003. - 23003. A reference made in this part by number without...

Section 23004. - 23004. Whenever this part refers to “regulations of the Franchise...

ARTICLE 2 - Definitions

Section 23030. - 23030. Except where the context otherwise requires, the definitions given...

Section 23031. - 23031. “Franchise Tax Board” means the Franchise Tax Board described...

Section 23032. - 23032. “Fiscal year” means an accounting period of twelve months...

Section 23033. - 23033. “Paid or incurred” and “paid or accrued” shall be...

Section 23034. - 23034. “State” includes the District of Columbia, and the possessions...

Section 23035. - 23035. “Counsel for the Franchise Tax Board” means attorney or...

Section 23036. - 23036. (a) (1) The term “tax” includes any of the...

Section 23036.1. - 23036.1. Notwithstanding Section 23036 or any other provision in this...

Section 23036.2. - 23036.2. (a) Notwithstanding any provision of this part or Part...

Section 23036.3. - 23036.3. (a) Notwithstanding any provision of this part or Part...

Section 23037. - 23037. “Taxpayer” means any person subject to the tax imposed...

Section 23038. - 23038. (a) “Corporation” includes every corporation except corporations expressly exempt...

Section 23038.5. - 23038.5. (a) Section 7704 of the Internal Revenue Code, relating...

Section 23039. - 23039. “Bank” includes national banking associations. “Bank” includes any “bank”...

Section 23040. - 23040. Income derived from or attributable to sources within this...

Section 23040.1. - 23040.1. (a) Notwithstanding Sections 23040 and 25101, income derived from...

Section 23041. - 23041. “Taxable year” means: (a) For the purposes of the...

Section 23042. - 23042. (a) For taxable years beginning prior to January 1,...

Section 23043.5. - 23043.5. For purposes of this part, in determining the amount...

Section 23044. - 23044. “International banking facility” means a facility represented by a...

Section 23045. - 23045. For purposes of this part: (a) Section 7702 of...

Section 23045.1. - 23045.1. For purposes of this part, the term “substituted basis...

Section 23045.2. - 23045.2. For purposes of this part, the term “transferred basis...

Section 23045.3. - 23045.3. For purposes of this part, the term “exchanged basis...

Section 23045.4. - 23045.4. For purposes of this part, the term “nonrecognition transaction”...

Section 23045.5. - 23045.5. For purposes of this part, the term “domestic building...

Section 23045.6. - 23045.6. (a) For the purposes of this part, except as...

Section 23046. - 23046. Section 7701(a)(46) of the Internal Revenue Code, relating to...

Section 23046.5. - 23046.5. (a) Section 7701(n) of the Internal Revenue Code, relating...

Section 23047. - 23047. Section 7701(e) of the Internal Revenue Code, relating to...

Section 23048. - 23048. Taxable mortgage pools shall be defined and treated in...

Section 23049. - 23049. Section 7701(h) of the Internal Revenue Code, relating to...

Section 23049.1. - 23049.1. Section 64 of the Internal Revenue Code, relating to...

Section 23049.2. - 23049.2. Section 65 of the Internal Revenue Code, relating to...

Section 23050. - 23050. Definitions, other than general definitions, are set forth in...

Section 23051. - 23051. The term “Bank and Corporation Tax Law of 1954,”...

Section 23051.5. - 23051.5. (a) (1) Unless otherwise specifically provided, the terms “Internal...

Section 23051.7. - 23051.7. (a) The enactment of the act adding this section...

Section 23052. - 23052. The provisions of this code insofar as they are...

Section 23053. - 23053. The repeal of any provision of the Bank and...

Section 23054. - 23054. For the purpose of applying the Bank and Corporation...

Section 23055. - 23055. Any provision of this part which refers to the...

Section 23056. - 23056. Division, part, chapter, article, section and subsection headings contained...

Section 23057. - 23057. If any chapter, article, section, subsection, clause, sentence or...

Section 23058. - 23058. Unless otherwise specifically provided therein, the provisions of any...

Section 23059. - 23059. Unless expressly otherwise provided in this part, any notice...

Section 23060. - 23060. Provisions in other codes or General Law Statutes that...

CHAPTER 2 - The Corporation Franchise Tax

ARTICLE 1 - Definitions and General Provisions

Section 23101. - 23101. (a) “Doing business” means actively engaging in any transaction...

Section 23101.5. - 23101.5. (a) The Franchise Tax Board may determine that a...

Section 23102. - 23102. Any corporation holding or organized to hold stock or...

Section 23104. - 23104. (a) For purposes of this part only, any corporation...

Section 23113. - 23113. The tax imposed under this chapter shall attach whether...

Section 23114. - 23114. (a) A corporation shall not be subject to the...

ARTICLE 2 - Tax on General Corporations

Section 23151. - 23151. (a) With the exception of banks and financial corporations,...

Section 23151.1. - 23151.1. Notwithstanding Section 23151, every corporation (except banks and financial...

Section 23151.2. - 23151.2. Notwithstanding Section 23151, every corporation (except banks and financial...

Section 23153. - 23153. (a) Every corporation described in subdivision (b) shall be...

Section 23154. - 23154. The tax imposed under this chapter is in lieu...

Section 23155. - 23155. In the event that taxes, interest and penalties have...

Section 23156. - 23156. (a) The Franchise Tax Board shall abate, upon written...

ARTICLE 3 - Tax on Banks and Financial Corporations

Section 23181. - 23181. (a) Except as otherwise provided herein, an annual tax...

Section 23182. - 23182. The tax imposed under this part upon banks and...

Section 23183. - 23183. (a) For taxable years beginning before January 1, 2000,...

Section 23183.1. - 23183.1. Notwithstanding Section 23183, every financial corporation doing business within...

Section 23183.2. - 23183.2. Notwithstanding Section 23183, every financial corporation not exempted from...

Section 23186. - 23186. For taxable years ending on or after December 31,...

Section 23187. - 23187. Upon the request of a taxpayer under this chapter,...

Section 23188. - 23188. In the event that taxes, interest, or penalties have...

ARTICLE 3.5 - Credit for Prepaid Tax

Section 23201. - 23201. (a) In the case of a taxpayer whose tax...

Section 23202. - 23202. (a) In the case of a taxpayer who has...

Section 23203. - 23203. The credits provided by Sections 23201 and 23202 shall...

Section 23204. - 23204. (a) No credit under this article shall be allowed...

ARTICLE 4 - Commencing Corporations

Section 23221. - 23221. (a) Any credit union that incorporates under the laws...

Section 23222. - 23222. (a) If a taxpayer commences to do business in...

Section 23222a. - 23222a. In every case in which the second or succeeding...

Section 23223. - 23223. (a) When any taxpayer commences to do business in...

Section 23224. - 23224. (a) Notwithstanding the provisions of Section 23222 and Section...

Section 23224.5. - 23224.5. (a) After December 31, 1971, if a corporation which...

Section 23225. - 23225. The adjusted tax, as provided in Sections 23222 to...

Section 23226. - 23226. In the case of the taxpayer taxable in the...

ARTICLE 5 - Reorganized Corporations

Section 23251. - 23251. The term “reorganization,” as used in this chapter, shall...

Section 23253. - 23253. Section 381(b) of the Internal Revenue Code, relating to...

ARTICLE 6 - Corporations Resuming Business

Section 23281. - 23281. (a) (1) When a taxpayer ceases to do business...

Section 23282. - 23282. (a) The tax imposed upon any taxpayer which has...

ARTICLE 7 - Suspension and Revivor

Section 23301. - 23301. Except for the purposes of filing an application for...

Section 23301.5. - 23301.5. Except for the purposes of filing an application for...

Section 23301.6. - 23301.6. Sections 23301, 23301.5, and 23775 shall apply to a...

Section 23302. - 23302. (a) Forfeiture or suspension of a taxpayer’s powers, rights,...

Section 23303. - 23303. Notwithstanding the provisions of Section 23301 or 23301.5, any...

Section 23304.1. - 23304.1. (a) Every contract made in this state by a...

Section 23304.5. - 23304.5. A party that has the right to declare a...

Section 23305. - 23305. Any taxpayer which has suffered the suspension or forfeiture...

Section 23305.1. - 23305.1. (a) A taxpayer may make application to the Franchise...

Section 23305.2. - 23305.2. Notwithstanding Sections 23305 and 23305.1 that require a taxpayer...

Section 23305.5. - 23305.5. For purposes of this article: (a) “Taxpayer” means either:...

Section 23305a. - 23305a. Before the certificate of revivor is issued by the...

Section 23305b. - 23305b. Notwithstanding Section 23305, the Franchise Tax Board may revive...

Section 23305c. - 23305c. (a) Upon issuance of the certificate of revivor, the...

Section 23305d. - 23305d. A certificate of suspension or forfeiture from the Franchise...

Section 23305e. - 23305e. (a) The Franchise Tax Board may provide letters of...

Section 23310. - 23310. (a) The Franchise Tax Board may abate, upon written...

Section 23311. - 23311. (a) If a qualified entity, as defined by Section...

ARTICLE 8 - Dissolution or Withdrawal

Section 23331. - 23331. (a) For the purposes of this article, the effective...

Section 23332. - 23332. (a) Except in the case of a taxpayer subject...

Section 23332.5. - 23332.5. If a financial corporation ceases doing business, dissolves, or...

Section 23333. - 23333. (a) A taxpayer subject to Section 23186 shall, if...

Section 23335. - 23335. (a) Any return filed pursuant to Section 18601 that...

ARTICLE 9 - Affiliated Railroads

Section 23361. - 23361. “Affiliated group” means one or more chains of corporations...

Section 23362. - 23362. An affiliated group, subject to the provisions of this...

Section 23363. - 23363. The Franchise Tax Board shall prescribe such regulations as...

Section 23364. - 23364. If a consolidated return is made subject to the...

Section 23364a. - 23364a. Where a member of an affiliated group filing a...

CHAPTER 2.5 - Alternative Minimum Tax

Section 23400. - 23400. (a) Part VI of Subchapter A of Chapter 1...

Section 23453. - 23453. (a) There shall be allowed as a credit against...

Section 23455. - 23455. For purposes of this part, Section 55 of the...

Section 23455.5. - 23455.5. Section 55(e) of the Internal Revenue Code, relating to...

Section 23456. - 23456. For purposes of this part, Section 56 of the...

Section 23456.5. - 23456.5. The amendments to Section 56 of the Internal Revenue...

Section 23456.5. - 23456.5. The amendments to Section 56 of the Internal Revenue...

Section 23457. - 23457. For purposes of this part, Section 57 of the...

Section 23459. - 23459. For purposes of this part, the provisions of Section...

CHAPTER 3 - The Corporation Income Tax

ARTICLE 1 - Imposition of Tax

Section 23501. - 23501. (a) There shall be imposed upon every corporation, other...

Section 23503. - 23503. There shall be offset against the tax hereby imposed...

Section 23504. - 23504. Where a corporation formerly subject to tax under Chapter...

ARTICLE 2 - Cessation of Activities

Section 23561. - 23561. No decree of dissolution shall be made and entered...

CHAPTER 3.5 - Tax Credits

Section 23604. - 23604. For each taxable year beginning on or after January...

Section 23608. - 23608. (a) In the case of a taxpayer who transports...

Section 23609. - 23609. For each taxable year beginning on or after January...

Section 23610.4. - 23610.4. It is the intent of the Legislature that the...

Section 23610.5. - 23610.5. (a) (1) There shall be allowed as a credit...

Section 23621. - 23621. (a) There shall be allowed as a credit against...

Section 23624. - 23624. (a) There shall be allowed as a credit against...

Section 23626. - 23626. (a) (1) For each taxable year beginning on or...

Section 23627.1. - 23627.1. (a) It is the intent of the Legislature to...

Section 23628. - 23628. (a) (1) For each taxable year beginning on or...

Section 23629. - 23629. (a) (1) For each taxable year beginning on or...

Section 23630. - 23630. (a) There shall be allowed as a credit against...

Section 23636. - 23636. (a) For each taxable year beginning on or after...

Section 23642. - 23642. (a) For each taxable year beginning on or after...

Section 23663. - 23663. (a) (1) Notwithstanding any other law to the contrary,...

Section 23664. - 23664. (a) (1) For each taxable year beginning on or...

Section 23682. - 23682. (a) For each taxable year beginning on or after...

Section 23685. - 23685. (a) (1) For taxable years beginning on or after...

Section 23687. - 23687. (a) For taxable years beginning on or after January...

Section 23688.5. - 23688.5. (a) In the case of a qualified taxpayer who...

Section 23689. - 23689. (a) (1) For each taxable year beginning on and...

Section 23691. - 23691. For each taxable year beginning on or after January...

Section 23695. - 23695. (a) (1) For taxable years beginning on or after...

Section 23698. - 23698. (a) (1) For taxable years beginning on or after...

CHAPTER 4 - Exempt Corporations

ARTICLE 1 - Exemptions From This Part

Section 23701. - 23701. (a) Organizations which are organized and operated for nonprofit...

Section 23701a. - 23701a. (a) Labor, agricultural, or horticultural organizations other than cooperative...

Section 23701b. - 23701b. A fraternal order described in Section 501(c)(8) of the...

Section 23701c. - 23701c. A cemetery company described in Section 501(c)(13) of the...

Section 23701d. - 23701d. (a) A corporation, community chest or trust, organized and...

Section 23701e. - 23701e. A business league, chamber of commerce, real estate board,...

Section 23701f. - 23701f. (a) A civic league, social welfare organization, or local...

Section 23701g. - 23701g. A social organization described in Section 501(c)(7) of the...

Section 23701h. - 23701h. (a) A corporation described in Section 501(c)(2) of the...

Section 23701i. - 23701i. A voluntary employees’ beneficiary association described in Section 501(c)(9)...

Section 23701j. - 23701j. A teacher’s retirement fund association described in Section 501(c)(11)...

Section 23701k. - 23701k. Religious or apostolic corporations, if such corporations have a...

Section 23701l. - 23701l. (a) A domestic fraternal society described in Section 501(c)(10)...

Section 23701n. - 23701n. (a) A supplemental unemployment compensation trust described in Section...

Section 23701p. - 23701p. A trust or plan which meets the requirements of...

Section 23701r. - 23701r. (a) A political organization.However, a political organization shall be...

Section 23701s. - 23701s. (a) An employee-funded pension trust described in Section 501(c)(18)...

Section 23701t. - 23701t. (a) A homeowners’ association organized and operated to provide...

Section 23701u. - 23701u. An organization is operated exclusively for exempt purposes listed...

Section 23701v. - 23701v. (a) An organization of owners of manufactured homes or...

Section 23701w. - 23701w. A veteran’s organization, as defined by Section 501(c)(19) of...

Section 23701x. - 23701x. (a) A corporation or trust described in Section 501(c)(25)...

Section 23701y. - 23701y. A credit union as defined in Section 14002 of...

Section 23701z. - 23701z. An organization established pursuant to Section 5005.1 of the...

Section 23701aa. - 23701aa. A public bank as defined in Section 57600 of...

Section 23702. - 23702. Section 502 of the Internal Revenue Code, relating to...

Section 23703. - 23703. (a) For purposes of this section, “charitable corporation” means...

Section 23703.5. - 23703.5. Section 501(p) of the Internal Revenue Code, relating to...

Section 23703.7. - 23703.7. Section 501(q) of the Internal Revenue Code, relating to...

Section 23704. - 23704. Section 501(e) of the Internal Revenue Code, relating to...

Section 23704.3. - 23704.3. Section 501(o) of the Internal Revenue Code, relating to...

Section 23704.4. - 23704.4. Section 501(k) of the Internal Revenue Code, relating to...

Section 23704.5. - 23704.5. Section 501(h) of the Internal Revenue Code, relating to...

Section 23704.6. - 23704.6. Section 504 of the Internal Revenue Code, relating to...

Section 23705. - 23705. (a) (1) An organization described in Section 23701i (voluntary...

Section 23706. - 23706. Any exemption from the bank and corporation franchise tax...

Section 23707. - 23707. (a) Except as provided in subdivision (b), the status...

Section 23708. - 23708. (a) For the purposes of this part, unless otherwise...

Section 23709. - 23709. (a) For the purposes of this part the term...

Section 23710. - 23710. Any organization exempted from taxes imposed under this part...

Section 23711. - 23711. Section 529 of the Internal Revenue Code, relating to...

Section 23711.4. - 23711.4. For taxable years beginning on or after January 1,...

Section 23711.5. - 23711.5. The Golden State Scholarshare Trust, established pursuant to Article...

Section 23712. - 23712. Section 530 of the Internal Revenue Code, relating to...

ARTICLE 2 - Taxation of Business Income of Certain Article 1 Organizations

Section 23731. - 23731. Every organization or trust exempt under this chapter, except...

Section 23732. - 23732. Section 512 of the Internal Revenue Code, relating to...

Section 23734. - 23734. (a) Section 513 of the Internal Revenue Code, relating...

Section 23735. - 23735. (a) Section 514 of the Internal Revenue Code, relating...

Section 23736. - 23736. Sections 23736.1 to 23736.4, inclusive, shall apply to any...

Section 23736.1. - 23736.1. (a) For the purposes of this article, the term...

Section 23736.2. - 23736.2. An organization described in Section 23701d which is subject...

Section 23736.3. - 23736.3. An organization described in Section 23701n or Section 23701d,...

Section 23736.4. - 23736.4. Any organization denied exemption under Section 23701d or Section...

Section 23737. - 23737. In the case of any organization described in Section...

Section 23740. - 23740. Section 4911 of the Internal Revenue Code, relating to...

Section 23741. - 23741. Notwithstanding any other provision in this part, in the...

ARTICLE 3 - Returns of Exempt Organizations

Section 23771. - 23771. (a) Except as provided in subdivision (b), every organization,...

Section 23772. - 23772. (a) For the purposes of this part— (1) Except...

Section 23774. - 23774. (a) Except as provided in subdivision (b), every organization...

Section 23775. - 23775. Except for purposes of amending the articles of incorporation...

Section 23776. - 23776. (a) Any organization which has suffered the suspension or...

Section 23777. - 23777. The exemption granted to any organization under the provisions...

Section 23778. - 23778. An organization whose exemption was revoked under Section 23703...

CHAPTER 4.5 - Tax Treatment of S Corporations and Their Shareholders

Section 23800. - 23800. Subchapter S of Chapter 1 of Subtitle A of...

Section 23800.5. - 23800.5. (a) Section 1361(b)(3) of the Internal Revenue Code, relating...

Section 23801. - 23801. (a) A corporation that has in effect for federal...

Section 23802. - 23802. (a) Section 1363(a) of the Internal Revenue Code, relating...

Section 23802.5. - 23802.5. (a) Section 1366(a)(1) of the Internal Revenue Code, relating...

Section 23803. - 23803. (a) With respect to credits that are otherwise allowed...

Section 23804. - 23804. Section 1367(b)(4) of the Internal Revenue Code, relating to...

Section 23806. - 23806. (a) Section 1371(a) of the Internal Revenue Code, relating...

Section 23807. - 23807. Section 1372 of the Internal Revenue Code shall be...

Section 23808. - 23808. Sections 1373 and 1379 of the Internal Revenue Code...

Section 23809. - 23809. There is hereby imposed a tax on built-in gains...

Section 23811. - 23811. Except as otherwise provided in this section, there is...

Section 23813. - 23813. Section 1377(b)(2) of the Internal Revenue Code, relating to...

CHAPTER 5 - Computation of Tax When Law Changed

Section 24251. - 24251. The tax on any taxpayer for a period beginning...

CHAPTER 6 - Gross Income

ARTICLE 1 - Definitions

Section 24271. - 24271. (a) Section 61 of the Internal Revenue Code, relating...

Section 24272. - 24272. For the purposes of the tax imposed under Chapter...

Section 24272.2. - 24272.2. The provisions of Section 72(u) of the Internal Revenue...

Section 24272.5. - 24272.5. (a) Section 7518 of the Internal Revenue Code, relating...

Section 24273. - 24273. (a) Amounts received as loans from the Commodity Credit...

Section 24273.5. - 24273.5. (a) Noncash patronage allocations from farmers’ cooperative and mutual...

Section 24275. - 24275. In the case of any taxpayer who is required...

Section 24276. - 24276. Section 90 of the Internal Revenue Code, relating to...

ARTICLE 2 - Exclusions

Section 24301. - 24301. In computing the tax imposed under this part, “gross...

Section 24302. - 24302. Amounts received other than amounts paid by reason of...

Section 24303. - 24303. Any grant made in any taxable year by the...

Section 24305. - 24305. (a) Except as provided in subdivisions (b) and (c),...

Section 24306. - 24306. (a) For purposes of this section, the following terms...

Section 24307. - 24307. (a) Section 108 of the Internal Revenue Code, relating...

Section 24308. - 24308. Section 1078 of Public Law 98-369 (Tax Reform Act...

Section 24308.1. - 24308.1. Gross income does not include any amount received as...

Section 24308.2. - 24308.2. (a) For taxable years beginning on or after January...

Section 24308.3. - 24308.3. (a) For taxable years beginning on or after January...

Section 24308.4. - 24308.4. (a) For taxable years beginning on or after January...

Section 24308.5. - 24308.5. (a) Gross income does not include cost-share payments received...

Section 24308.5. - 24308.5. (a) For taxable years beginning on or after January...

Section 24308.6. - 24308.6. (a) For taxable years beginning on or after January...

Section 24308.7. - 24308.7. (a) For each taxable year beginning on or after...

Section 24308.8. - 24308.8. (a) Gross income does not include any qualified amount...

Section 24308.9. - 24308.9. (a) For taxable years beginning on or after January...

Section 24309. - 24309. Gross income does not include income (other than rent)...

Section 24309.1. - 24309.1. (a) For taxable years beginning before January 1, 2027,...

Section 24309.3. - 24309.3. (a) Gross income does not include any qualified amount...

Section 24309.5. - 24309.5. Section 110 of the Internal Revenue Code, relating to...

Section 24310. - 24310. (a) Section 111 of the Internal Revenue Code, relating...

Section 24311. - 24311. For taxable years beginning on or after September 1,...

Section 24312. - 24312. (a) Gross income does not include any of the...

Section 24314. - 24314. The following phrase (or its substantial equivalent) in other...

Section 24315. - 24315. Gross income does not include any amount received for...

ARTICLE 3 - Other Exclusions

Section 24320. - 24320. Income derived from the operation of aircraft or a...

Section 24321. - 24321. Notwithstanding any statute, ordinance, regulation, rule or decision to...

Section 24322. - 24322. (a) Gross income of a domestic building and loan...

Section 24323. - 24323. Any amount received as a rebate from a local...

Section 24324. - 24324. (a) Gross income does not include any contribution to...

Section 24325. - 24325. Section 118 of the Internal Revenue Code, relating to...

Section 24326. - 24326. (a) Section 136 of the Internal Revenue Code, relating...

Section 24327. - 24327. Section 892 of the Internal Revenue Code, relating to...

Section 24329. - 24329. Section 139 of the Internal Revenue Code, relating to...

CHAPTER 7 - Net Income

ARTICLE 1 - Deductions

Section 24341. - 24341. “Net income” means the gross income, computed under Chapter...

Section 24343. - 24343. (a) Section 162 of the Internal Revenue Code, relating...

Section 24343.1. - 24343.1. (a) The amendments made by Section 13531(a) of the...

Section 24343.2. - 24343.2. Whereas, the people of the State of California desire...

Section 24343.3. - 24343.3. Any employer contribution to a medical savings account, as...

Section 24343.5. - 24343.5. (a) In addition to the deduction allowed by Section...

Section 24343.7. - 24343.7. Section 162(k)(2)(A)(ii) of the Internal Revenue Code shall not...

Section 24343.8. - 24343.8. For taxable years beginning on or after January 1,...

Section 24344. - 24344. (a) Section 163 of the Internal Revenue Code, relating...

Section 24344.5. - 24344.5. (a) A deduction, determined in accordance with Section 163(e)...

Section 24344.7. - 24344.7. The amendments to Section 163 of the Internal Revenue...

Section 24345. - 24345. A deduction shall be allowed for taxes or licenses...

Section 24345.5. - 24345.5. A deduction shall not be allowed for the fee...

Section 24346. - 24346. (a) For purposes of subdivision (a) of Section 24345,...

Section 24347. - 24347. For taxable years beginning on or after January 1,...

Section 24347.4. - 24347.4. (a) Section 165(i) of the Internal Revenue Code, relating...

Section 24347.5. - 24347.5. (a) An excess disaster loss, as defined in subdivision...

Section 24347.6. - 24347.6. (a) An excess disaster loss, as defined in subdivision...

Section 24347.7. - 24347.7. (a) An excess disaster loss, as defined in subdivision...

Section 24347.8. - 24347.8. (a) An excess disaster loss, as defined in subdivision...

Section 24347.9. - 24347.9. (a) An excess disaster loss, as defined in subdivision...

Section 24347.10. - 24347.10. (a) An excess disaster loss, as defined in subdivision...

Section 24347.11. - 24347.11. (a) Section 165(i) of the Internal Revenue Code shall...

Section 24347.12. - 24347.12. (a) Section 165(i) of the Internal Revenue Code shall...

Section 24347.13. - 24347.13. (a) Section 165(i) of the Internal Revenue Code shall...

Section 24347.14. - 24347.14. (a) For taxable years beginning on or after January...

Section 24348. - 24348. (a) There shall be allowed as a deduction either...

Section 24349. - 24349. (a) There shall be allowed as a depreciation deduction...

Section 24349.1. - 24349.1. (a) Section 280F of the Internal Revenue Code, relating...

Section 24349.2. - 24349.2. Section 280G of the Internal Revenue Code, relating to...

Section 24350. - 24350. Paragraphs (2), (3), and (4) of Section 24349(b) shall...

Section 24351. - 24351. Where, under regulations prescribed by the Franchise Tax Board,...

Section 24352. - 24352. In the absence of an agreement under Section 24351...

Section 24352.5. - 24352.5. (a) Under regulations prescribed by the Franchise Tax Board,...

Section 24353. - 24353. (a) The basis on which exhaustion, wear and tear,...

Section 24354. - 24354. In the case of property held by one person...

Section 24354.1. - 24354.1. (a) Except as provided in subdivisions (b) and (c)...

Section 24355. - 24355. Section 167(f) of the Internal Revenue Code, relating to...

Section 24355.3. - 24355.3. For purposes of computing the depreciation deduction pursuant to...

Section 24355.4. - 24355.4. For purposes of computing the depreciation deduction under Section...

Section 24355.5. - 24355.5. (a) Section 197 of the Internal Revenue Code, relating...

Section 24356. - 24356. (a) (1) In the case of Section 24356 property,...

Section 24357. - 24357. (a) There shall be allowed as a deduction any...

Section 24357.1. - 24357.1. (a) The amount of any charitable contribution of property...

Section 24357.2. - 24357.2. (a) In the case of a contribution (not made...

Section 24357.3. - 24357.3. For purposes of Section 24357, in determining the value...

Section 24357.4. - 24357.4. If, in connection with any charitable contribution, a liability...

Section 24357.5. - 24357.5. No deduction shall be allowed under Section 24357 for...

Section 24357.6. - 24357.6. No deduction shall be allowed under this part for...

Section 24357.7. - 24357.7. (a) (1) For purposes of paragraph (3) of subdivision...

Section 24357.8. - 24357.8. (a) In the case of a qualified research contribution,...

Section 24357.9. - 24357.9. (a) In the case of a qualified computer contribution,...

Section 24357.10. - 24357.10. (a) For purposes of Section 24357, 80 percent of...

Section 24358. - 24358. (a) In the case of a corporation, the total...

Section 24359. - 24359. For purposes of Sections 24357 to 24359, inclusive, the...

Section 24359.1. - 24359.1. Notwithstanding any other provision of law, any credit or...

Section 24360. - 24360. In the case of any bond, as defined in...

Section 24361. - 24361. (a) For purposes of subsection (b), the amount of...

Section 24362. - 24362. (a) Sections 24360 to 24363.5, inclusive, shall apply to...

Section 24363. - 24363. For purposes of Sections 24360 to 24363.5, inclusive, the...

Section 24363.5. - 24363.5. (a) Except as provided in regulations, in the case...

Section 24364. - 24364. Notwithstanding Article 3 (commencing with Section 24421), all expenditures...

Section 24365. - 24365. (a) Section 174 of the Internal Revenue Code, relating...

Section 24368.1. - 24368.1. (a) Section 167(e) of the Internal Revenue Code, relating...

Section 24369. - 24369. Section 175 of the Internal Revenue Code, relating to...

Section 24369.4. - 24369.4. (a) Section 198 of the Internal Revenue Code, relating...

Section 24370. - 24370. There shall also be allowed as a deduction, under...

Section 24372.3. - 24372.3. (a) Section 169 of the Internal Revenue Code, relating...

Section 24372.5. - 24372.5. (a) Section 194 of the Internal Revenue Code, relating...

Section 24373. - 24373. Section 178 of the Internal Revenue Code, relating to...

Section 24377. - 24377. (a) A taxpayer engaged in the business of farming...

Section 24379. - 24379. Section 83 of the Internal Revenue Code, relating to...

Section 24382. - 24382. (a) Section 216 of the Internal Revenue Code, relating...

Section 24383. - 24383. (a) Every taxpayer, at the election of the taxpayer,...

ARTICLE 2 - Special Deductions

Section 24401. - 24401. In addition to the deductions provided in Article 1...

Section 24402. - 24402. (a) A portion of the dividends received during the...

Section 24403. - 24403. In the case of a building and loan association,...

Section 24404. - 24404. In the case of farmers, fruit growers, or like...

Section 24405. - 24405. (a) In the case of other associations organized and...

Section 24406. - 24406. In the case of other associations organized and operated...

Section 24406.5. - 24406.5. (a) In the case of gas producers’ cooperative associations...

Section 24406.6. - 24406.6. For purposes of Section 24373.5, and Sections 24404 to...

Section 24407. - 24407. (a) The organizational expenditures of a corporation may, at...

Section 24408. - 24408. The term “organizational expenditures” means any expenditure that meets...

Section 24409. - 24409. The election provided by Section 24407 may be made...

Section 24410. - 24410. (a) For taxable years commencing on or after January...

Section 24411. - 24411. (a) For purposes of those taxpayers electing to compute...

Section 24414. - 24414. (a) Section 195 of the Internal Revenue Code, relating...

Section 24415. - 24415. (a) To the extent specified in subdivision (b), there...

Section 24416. - 24416. Except as provided in Sections 24416.1, 24416.2, 24416.4, 24416.5,...

Section 24416.05. - 24416.05. (a) In addition to the modifications made by Section...

Section 24416.1. - 24416.1. (a) A qualified taxpayer, as defined in Section 24416.2,...

Section 24416.3. - 24416.3. (a) Notwithstanding Sections 24416, 24416.1, 24416.2, 24416.4, 24416.5, 24416.6,...

Section 24416.4. - 24416.4. (a) The term “qualified taxpayer” as used in Section...

Section 24416.7. - 24416.7. (a) The term “qualified taxpayer” as used in Section...

Section 24416.21. - 24416.21. (a) Notwithstanding Sections 24416, 24416.1, 24416.2, 24416.4, 24416.5, 24416.6,...

Section 24416.22. - 24416.22. Notwithstanding Section 24416.1, 24416.2, 24416.4, 24416.5, 24416.6, or 24416.7...

Section 24416.23. - 24416.23. (a) Notwithstanding Sections 24416, 24416.1, 24416.4, 24416.7, and 24416.22,...

ARTICLE 3 - Items Not Deductible

Section 24421. - 24421. In computing “net income” of taxpayers under this part,...

Section 24422. - 24422. No deduction shall be allowed for both of the...

Section 24422.3. - 24422.3. (a) Section 263A of the Internal Revenue Code, relating...

Section 24423. - 24423. (a) Notwithstanding Section 24422, regulations shall be prescribed by...

Section 24424. - 24424. Section 264 of the Internal Revenue Code, relating to...

Section 24425. - 24425. (a) No deduction shall be allowed for any amount...

Section 24426. - 24426. Amounts paid or accrued for such taxes and carrying...

Section 24427. - 24427. Section 267 of the Internal Revenue Code, relating to...

Section 24429. - 24429. Section 276 of the Internal Revenue Code, relating to...

Section 24431. - 24431. (a) If— (1) Any person or persons acquire, or...

Section 24434. - 24434. (a) In the case of a taxpayer (other than...

Section 24436.1. - 24436.1. (a) In computing net income, deductions, including deductions for...

Section 24436.5. - 24436.5. (a) No deduction shall be allowed for interest, depreciation,...

Section 24437. - 24437. Section 277 of the Internal Revenue Code, relating to...

Section 24438. - 24438. (a) No deduction shall be allowed for any interest...

Section 24439. - 24439. (a) No deduction shall be allowed to the issuing...

Section 24440. - 24440. (a) Section 280C(b) of the Internal Revenue Code, relating...

Section 24441. - 24441. In computing net income no deduction shall be allowed...

Section 24442. - 24442. In the case of the demolition of any structure—...

Section 24442.5. - 24442.5. Section 280H of the Internal Revenue Code, relating to...

Section 24443. - 24443. Section 274 of the Internal Revenue Code, relating to...

Section 24447. - 24447. The Franchise Tax Board may disallow a deduction under...

Section 24448. - 24448. (a) Notwithstanding any other provisions in this part, in...

Section 24449. - 24449. (a) Section 291 of the Internal Revenue Code, relating...

CHAPTER 8 - Corporate Distributions and Adjustments

Section 24451. - 24451. Subchapter C of Chapter 1 of Subtitle A of...

Section 24451.1. - 24451.1. (a) Notwithstanding paragraph (3) of subdivision (e) of Section...

Section 24452. - 24452. Section 301(e)(2) of the Internal Revenue Code, relating to...

Section 24453. - 24453. Section 302(c)(2) of the Internal Revenue Code, relating to...

Section 24454. - 24454. Section 304(b)(5)(B) of the Internal Revenue Code, relating to...

Section 24455. - 24455. (a) The Franchise Tax Board may include in the...

Section 24456. - 24456. Section 306(f) of the Internal Revenue Code, relating to...

Section 24458. - 24458. Internal Revenue Service Notice 2008-83, 2008-42 I.R.B. 905, issued...

Section 24459. - 24459. Section 382(n) of the Internal Revenue Code, relating to...

Section 24461. - 24461. (a) For purposes of this part, the provisions of...

Section 24462. - 24462. (a) Section 355 of the Internal Revenue Code, as...

Section 24465. - 24465. (a) (1) If, in connection with any exchange described...

Section 24471. - 24471. Section 381(c) of the Internal Revenue Code, relating to...

Section 24472. - 24472. The amendments to Section 382 of the Internal Revenue...

Section 24473. - 24473. Notwithstanding any other provision of law, the contribution or...

Section 24481. - 24481. Section 383 of the Internal Revenue Code, relating to...

CHAPTER 12 - Deferred Compensation, Etc.

ARTICLE 1 - Adoption of Subchapter D of the Internal Revenue Code Relating to Deferred Compensation, etc.

Section 24601. - 24601. (a) Subchapter D of Chapter 1 of Subtitle A...

Section 24602. - 24602. (a) In addition to the application of Part II...

ARTICLE 2 - Exceptions to Part I of Subchapter D of the Internal Revenue Code, Relating to Pension, Profit-Sharing, Stock Bonus Plans, etc.

Section 24611. - 24611. (a) Section 404(k) of the Internal Revenue Code, relating...

Section 24612. - 24612. Sections 413(b)(6) and 413(c)(5) of the Internal Revenue Code,...

CHAPTER 13 - Accounting Periods and Methods of Accounting

ARTICLE 1 - Accounting Periods

Section 24631. - 24631. (a) (1) For taxable years beginning prior to January...

Section 24632. - 24632. The taxable year of a taxpayer may not be...

Section 24633. - 24633. If a taxpayer changes its annual accounting period, the...

Section 24633.5. - 24633.5. (a) In the case of any “S corporation” or...

Section 24634. - 24634. (a) A return for a period of less than...

Section 24636. - 24636. (a) If a separate return is made by a...

Section 24637. - 24637. For taxable years beginning on or after January 1,...

ARTICLE 2 - Methods of Accounting

Section 24651. - 24651. (a) Income shall be computed under the method of...

Section 24652. - 24652. (a) Section 447 of the Internal Revenue Code, relating...

Section 24652.5. - 24652.5. (a) (1) Section 447(i)(3) of the Internal Revenue Code,...

Section 24652.6. - 24652.6. (a) For taxable years beginning on or after January...

Section 24654. - 24654. (a) Section 448 of the Internal Revenue Code, relating...

ARTICLE 3 - Year of Inclusion

Section 24661. - 24661. Section 451 of the Internal Revenue Code, relating to...

Section 24661.3. - 24661.3. (a) (1) The options under Sections 112(d)(2) and 112(d)(3)...

Section 24661.5. - 24661.5. Section 451(e)(3) of the Internal Revenue Code, relating to...

Section 24661.6. - 24661.6. Section 451(i) of the Internal Revenue Code, relating to...

Section 24667. - 24667. (a) (1) Sections 453, 453A, and 453B of the...

Section 24668.1. - 24668.1. Any taxpayer who disposes of property as a result...

Section 24672. - 24672. (a) Where a taxpayer reports income arising from the...

Section 24673. - 24673. Where a corporation subject to the tax imposed by...

Section 24673.2. - 24673.2. (a) Section 460 of the Internal Revenue Code, relating...

Section 24674. - 24674. (a) If, in the case of a taxpayer owning...

Section 24675. - 24675. If an amount representing compensatory damages is received or...

Section 24676. - 24676. (a) Prepaid subscription income to which this section applies...

Section 24676.5. - 24676.5. (a) A taxpayer who is on an accrual method...

Section 24677. - 24677. (a) If an amount representing damages is received or...

Section 24678. - 24678. (a) If an amount representing damages is received or...

Section 24679. - 24679. For purposes of Sections 24675 through 24678, a fractional...

ARTICLE 4 - Year of Deduction

Section 24681. - 24681. Section 461 of the Internal Revenue Code, relating to...

Section 24682. - 24682. Section 464 of the Internal Revenue Code, relating to...

Section 24685. - 24685. (a) In the case of any taxpayer who elected...

Section 24685.5. - 24685.5. (a) The amendment made by Section 7001(a) of the...

Section 24688. - 24688. Section 467 of the Internal Revenue Code, relating to...

Section 24689. - 24689. Section 468 of the Internal Revenue Code, relating to...

Section 24690. - 24690. (a) The provisions of Section 468A of the Internal...

Section 24691. - 24691. Section 465 of the Internal Revenue Code, relating to...

Section 24692. - 24692. (a) Section 469 of the Internal Revenue Code, relating...

Section 24693. - 24693. (a) Section 468B of the Internal Revenue Code, relating...

Section 24694. - 24694. Section 470 of the Internal Revenue Code, relating to...

ARTICLE 5 - Inventories

Section 24701. - 24701. (a) Section 471 of the Internal Revenue Code, relating...

Section 24708. - 24708. Section 474 of the Internal Revenue Code, relating to...

Section 24710. - 24710. (a) For each taxable year beginning on or after...

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