Home/California/Statutes/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. 2.: ARTICLE 2. Special Deductions/§ 24408.
California Statutes

§ 24408. — 24408. (Amended by Stats. 1997, Ch. 605, Sec. 92.)

California § 24408.
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. 2.ARTICLE 2. Special Deductions

This text of California § 24408. (24408. (Amended by Stats. 1997, Ch. 605, Sec. 92.)) 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 § 24408. (2026).

Text

The term “organizational expenditures” means any expenditure that meets all of the following requirements:

(a)Is incident to the creation of the corporation.
(b)Is chargeable to capital account.
(c)Is of a character which, if expended incident to the creation of a corporation having a limited life, would be amortizable over that life.

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Legislative History

Amended by Stats. 1997, Ch. 605, Sec. 92. Effective January 1, 1998.
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California § 24408., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24408..