California § 24357.10. 24357.10. (Added by Stats. 1989, Ch. 1352, Sec. 102.)

California Statutes

§ 24357.10. — 24357.10. (Added by Stats. 1989, Ch. 1352, Sec. 102.)

California § 24357.10.

JurisdictionCalifornia

Code RTCRevenue 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

This text of California § 24357.10. (24357.10. (Added by Stats. 1989, Ch. 1352, Sec. 102.)) 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 § 24357.10. (2026).

Text

(a)For purposes of Section 24357, 80 percent of any amount described in subdivision (b) shall be treated as a charitable contribution.

(b)For purposes of subdivision (a), an amount is described in this subdivision if each of the following applies:

(1)The amount is paid by the taxpayer to or for the benefit of an educational organization which is:

(A)Described in Section 170 (b)(1)(A)(ii) of the Internal Revenue Code.

(B)An institution of higher education as defined in Section 3304(f) of the Internal Revenue Code.

(2)The amount would be allowable as a deduction under this section but for the fact that the taxpayer receives (directly or indirectly) as a result of paying the amount the right to purchase tickets for seating at an athletic event in an athletic stadium of the institu

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(a)
For purposes of Section 24357, 80 percent of any amount described in subdivision (b) shall be treated as a charitable contribution.
(b)
For purposes of subdivision (a), an amount is described in this subdivision if each of the following applies:
(1)
The amount is paid by the taxpayer to or for the benefit of an educational organization which is:
(A)
Described in
Section 170 (b)(1)(A)(ii) of the Internal Revenue Code.
(B)
An institution of higher education as defined in Section 3304(f) of the Internal Revenue Code.
(2)
The amount would be allowable as a deduction under this section but for the fact that the taxpayer receives (directly or indirectly) as a result of paying the amount the right to purchase tickets for seating at an athletic event in an athletic stadium of the institution.
(c)
If any portion of a payment is for the purchase of the tickets, the portion and the remaining portion (if any) of the payment shall be treated as separate amounts for purposes of this section.

Legislative History

Added by Stats. 1989, Ch. 1352, Sec. 102. Effective October 2, 1989. Applicable to income years beginning on or after January 1, 1989, by Sec. 172 of Ch. 1352.