Cal. Rev. & Tax. Code § 17260

Deductions

Showing this section's text as in effect on January 1, 2011 (in force January 1, 2011 – January 1, 2023). View current text →

(a) No deduction, other than depreciation, shall be allowed for expenditures for tertiary injectants as provided by Section 193 of the Internal Revenue Code.

(b) Section 263(a) of the Internal Revenue Code shall not apply to expenditures for which a deduction is allowed under Section 17266 or 17267.2.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.