Revenue and Taxation Code section 24449

(a)

Section 291 of the Internal Revenue Code, relating to special rules relating to corporate preference items, shall apply, except as otherwise provided.

(b)

The reference in Section 291(b)(1) of the Internal Revenue Code to “Section 263(c)” shall be modified to mean the deduction under Section 24423 of this part.

Source: Section 24449, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24449. (accessed Jun. 2, 2025).

24421
24422
24422.3
24424
24425
24426
24427
24429
24431
24434
24436.1
24436.5
24437
24438
24439
24440
24441
24442
24442.5
24443
24447
24448
24449

Last Updated

May 12, 2025

§ 24449’s source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_24449

Original Source: Section 24449, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24449. (last accessed May 12, 2025).