Revenue and Taxation Code section 17260

(a)

No deduction, other than depreciation, shall be allowed for expenditures for tertiary injectants as provided by Section 193 of the Internal Revenue Code, relating to tertiary injectants.

(b)

Section 263(c) of the Internal Revenue Code, relating to intangible drilling and development costs in the case of oil and gas wells and geothermal wells, shall not apply to intangible drilling and development costs, in the case of oil and gas wells, paid or incurred on or after January 1, 2024.

Source: Section 17260, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=17260. (updated Sep. 14, 2026; accessed Sep. 21, 2026).

Up to date

Verified:
Sep. 21, 2026

§ 17260's source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_17260

Original Source: Section 17260, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=17260. (last accessed Sep. 21, 2026).