Revenue and Taxation Code section 24426

Amounts paid or accrued for such taxes and carrying charges as, under regulations prescribed by the Franchise Tax Board, are chargeable to capital account with respect to property, if the taxpayer elects, in accordance with such regulations, to treat such taxes or charges as so chargeable.

Source: Section 24426, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=24426.­ (updated Jan. 1, 1955; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 24426's source at ca​.gov