Is Cal. Rev. & Tax. Code § 24440 — Items Not Deductible still in force?

Statute · California Revenue and Taxation Code

Cal. Rev. & Tax. Code § 24440 — Items Not Deductible

Cal. Rev. & Tax. Code § 24440

Type: Statute
Source: California Revenue and Taxation Code
Jurisdiction: California
Date: 2025-10-01
Current through: Nov 2, 2026 (California Legislative Counsel)

(a) Section 280C(b) of the Internal Revenue Code, relating to credit for qualified clinical testing expenses for certain drugs, shall apply, except as otherwise provided.

Citator

Cal. Rev. & Tax. Code § 24440 — Items Not Deductible is in force in the current edition of the Code, and nothing recorded condemns it.

(a) Section 280C(b) of the Internal Revenue Code, relating to credit for qualified clinical testing expenses for certain drugs, shall apply, except as otherwise provided.

(b) (1) Section 280C(c) of the Internal Revenue Code, relating to credit for increasing research activities, shall apply, except as otherwise provided.

(2) The amendments made by Section 13206(d)(2)(A) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 280C(c) of the Internal Revenue Code, relating to credit for increasing research activities, shall not apply, except as otherwise provided.

(3) Section 280C(c)(2)(B) of the Internal Revenue Code, as enacted pursuant to Section 13206(d)(2)(A) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), is modified to refer to Section 23151, 23186, or 23802 in lieu of Section 11(b) of the Internal Revenue Code.