Is Cal. Rev. & Tax. Code § 17260 — Deductions still in force?

Statute · California Revenue and Taxation Code

Cal. Rev. & Tax. Code § 17260 — Deductions

Cal. Rev. & Tax. Code § 17260

Type: Statute
Source: California Revenue and Taxation Code
Jurisdiction: California
Date: 2026-09-14
Current through: Nov 2, 2026 (California Legislative Counsel)

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

Citator

Cal. Rev. & Tax. Code § 17260 — Deductions is in force in the current edition of the Code, and nothing recorded condemns it.

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

(b) Section 263(c) of the Internal Revenue Code, relating to intangible drilling and development costs in the case of oil and gas wells and geothermal wells, shall not apply to intangible drilling and development costs, in the case of oil and gas wells, paid or incurred on or after January 1, 2024.