California Statutes
§ 24409. — 24409. (Amended by Stats. 2000, Ch. 862, Sec. 156.)
California § 24409.
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 § 24409. (24409. (Amended by Stats. 2000, Ch. 862, Sec. 156.)) 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 § 24409. (2026).
Text
The election provided by Section 24407 may be made for any taxable year beginning after December 31, 1960, but only if made not later than the time prescribed by law for filing the return for that taxable year (including extensions thereof). The period so elected shall be adhered to in computing the income of the corporation for the taxable year for which the election is made and all subsequent taxable years. The election shall apply only with respect to the expenditures paid or incurred on or after June 23, 1961.
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Legislative History
Amended by Stats. 2000, Ch. 862, Sec. 156. Effective January 1, 2001.
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Bluebook (online)
California § 24409., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24409..