Home/California/Statutes/Code RTC: Revenue and Taxation Code - RTC/Div. 2.: DIVISION 2. OTHER TAXES/Part 10.: PART 10. PERSONAL INCOME TAX/Ch. 8.: CHAPTER 8. Natural Resources/§ 17681.
California Statutes

§ 17681. — 17681. (Amended by Stats. 2024, Ch. 34, Sec. 24.)

California § 17681.
JurisdictionCalifornia
Code RTCRevenue and Taxation Code - RTC
Div. 2.DIVISION 2. OTHER TAXES
Part 10.PART 10. PERSONAL INCOME TAX
Ch. 8.CHAPTER 8. Natural Resources

This text of California § 17681. (17681. (Amended by Stats. 2024, Ch. 34, Sec. 24.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Revenue and Taxation Code - RTC Code § 17681. (2026).

Text

(a)Subchapter I of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to natural resources, shall apply, except as otherwise provided.
(b)For taxable years beginning on or after January 1, 2024, Section 613(b)(2)(B) of the Internal Revenue Code, in the case of oil shale, shall not apply.
(c)For taxable years beginning on or after January 1, 2024, Section 613(b)(4) of the Internal Revenue Code, relating to 10 percent, in the case of coal, shall not apply.
(d)For taxable years beginning on or after January 1, 2024, Section 613A of the Internal Revenue Code, relating to limitations on percentage depletion in the case of oil and gas wells, shall not apply.

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Legislative History

Amended by Stats. 2024, Ch. 34, Sec. 24. (SB 167) Effective June 27, 2024.
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California § 17681., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/17681..