Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24426 — Items Not Deductible
Cal. Rev. & Tax. Code § 24426
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Amounts paid or accrued for such taxes and carrying charges as, under regulations prescribed by the Franchise Tax Board, are chargeable to capital account with respect to property, if the taxpayer elects, in accordance with such regulations, to treat such taxes or charges as so chargeable.
Citator
Cal. Rev. & Tax. Code § 24426 — Items Not Deductible is in force in the current edition of the Code, and nothing recorded condemns it.
Amounts paid or accrued for such taxes and carrying charges as, under regulations prescribed by the Franchise Tax Board, are chargeable to capital account with respect to property, if the taxpayer elects, in accordance with such regulations, to treat such taxes or charges as so chargeable.