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.­ (updated Sep. 12, 2002; accessed Dec. 15, 2025).

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Verified:
Dec. 15, 2025

§ 24449's source at ca​.gov