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. (accessed Jun. 2, 2025).

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Last Updated

May 12, 2025

§ 24408’s source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_24408

Original Source: Section 24408, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24408. (last accessed May 12, 2025).