California Statutes
§ 24345.6. — 24345.6. (Added by Stats. 2025, Ch. 231, Sec. 90.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 11. PART 11. CORPORATION TAX LAW·Ch. 7. CHAPTER 7. Net Income·Art. 1. ARTICLE 1. Deductions
A deduction shall not be allowed for the excise tax imposed by Section 4501 of the Internal Revenue Code, relating to repurchase of corporate stock.
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California § 24345.6. (24345.6. (Added by Stats. 2025, Ch. 231, Sec. 90.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2025, Ch. 231, Sec. 90. (SB 711) Effective October 1, 2025.