CA Rev & Tax Code Section 24408


The term “organizational expenditures” means any expenditure that meets all of the following requirements:

(a)

Is incident to the creation of the corporation.

(b)

Is chargeable to capital account.

(c)

Is of a character which, if expended incident to the creation of a corporation having a limited life, would be amortizable over that life.
Last Updated

Aug. 19, 2023

§ 24408’s source at ca​.gov