Home/California/Statutes/Code RTC: Revenue and Taxation Code - RTC/Div. 2.: DIVISION 2. OTHER TAXES/Part 11.: PART 11. CORPORATION TAX LAW/Ch. 13.: CHAPTER 13. Accounting Periods and Methods of Accounting/Art. 3.: ARTICLE 3. Year of Inclusion/§ 24661.4.
California Statutes

§ 24661.4. — 24661.4. (Added by Stats. 2025, Ch. 231, Sec. 110.)

California § 24661.4.
JurisdictionCalifornia
Code RTCRevenue and Taxation Code - RTC
Div. 2.DIVISION 2. OTHER TAXES
Part 11.PART 11. CORPORATION TAX LAW
Ch. 13.CHAPTER 13. Accounting Periods and Methods of Accounting
Art. 3.ARTICLE 3. Year of Inclusion

This text of California § 24661.4. (24661.4. (Added by Stats. 2025, Ch. 231, Sec. 110.)) 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 § 24661.4. (2026).

Text

Section 451(b) of the Internal Revenue Code, relating to inclusion not later than for financial accounting purposes, shall not apply to specified credit card fees, as defined in Treasury Regulations Section 1.451-3(j)(2).

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Legislative History

Added by Stats. 2025, Ch. 231, Sec. 110. (SB 711) Effective October 1, 2025.

Nearby Sections

5
§ 24661.
24661. (Amended by Stats. 1994, Ch. 1243, Sec. 66.)
§ 24661.3.
24661.3. (Added by Stats. 2002, Ch. 35, Sec. 54.)
§ 24661.4.
24661.4. (Added by Stats. 2025, Ch. 231, Sec. 110.)
§ 24661.5.
24661.5. (Amended by Stats. 2025, Ch. 231, Sec. 111.)
§ 24661.6.
24661.6. (Amended by Stats. 2025, Ch. 231, Sec. 112.)
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California § 24661.4., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24661.4..