Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24408 — Special Deductions
Cal. Rev. & Tax. Code § 24408
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 1998-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The term “organizational expenditures” means any expenditure that meets all of the following requirements:
Citator
Cal. Rev. & Tax. Code § 24408 — Special Deductions is in force in the current edition of the Code, and nothing recorded condemns it.
The term “organizational expenditures” means any expenditure that meets all of the following requirements:
(a) Is incident to the creation of the corporation.
(b) Is chargeable to capital account.
(c) Is of a character which, if expended incident to the creation of a corporation having a limited life, would be amortizable over that life.