California Statutes
§ 24422. — 24422. (Amended by Stats. 2011, Ch. 296, Sec. 285.)
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. 3. ARTICLE 3. Items Not Deductible
No deduction shall be allowed for both of the following:
(a)Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate. This subdivision shall not apply to:
(1)Expenditures for the development of mines or deposits
deductible under Section 616 of the Internal Revenue Code.
(2)Soil and water conservation expenditures deductible under Section 24369.
(3)Expenditures for farmers for fertilizer, etc., deductible under Section 24377.
(4)Research and experimental expenditures deductible under Section 24365.
(5)Expenditures for which a deduction is allowed under Section 24356.7.
(6)Expenditures for removal of architectural and transportation barriers to the handicapped and elderly that the taxpayer elects to d
Free access — add to your briefcase to read the full text and ask questions with AI
California § 24422. (24422. (Amended by Stats. 2011, Ch. 296, Sec. 285.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2011, Ch. 296, Sec. 285. (AB 1023) Effective January 1, 2012.