Revenue and Taxation 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.

Source: Section 24408, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=24408.­ (updated Jan. 1, 1998; accessed Jul. 20, 2026).

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Verified:
Jul. 20, 2026

§ 24408's source at ca​.gov