California Revenue and Taxation Code ARTICLE 3 - Year of Inclusion

• Section 24661.
  Section 451 of the Internal Revenue Code, relating to the general rule for taxable year of inclusion, shall apply, except as otherwise provided.(Amended by Stats....
• Section 24661.3.
  (a) (1) The options under Sections 112(d)(2) and 112(d)(3) of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. Sec. 7212(d)(2) and (3)), as in...
• Section 24661.5.
  Section 451(e)(3) of the Internal Revenue Code, relating to special election rule, is modified by substituting the phrase “subdivision (b) of Section 24949.1” in lieu...
• Section 24661.6.
  Section 451(i) of the Internal Revenue Code, relating to special rule for sales or dispositions to implement Federal Energy Regulatory Commission or state electric restructuring...
• Section 24667.
  (a) (1) Sections 453, 453A, and 453B of the Internal Revenue Code, relating to installment method, special rules for nondealers, and gain or loss on disposition of...
• Section 24668.1.
  Any taxpayer who disposes of property as a result of the exercise of the power of requisition or condemnation may, at his or her election,...
• Section 24672.
  (a) Where a taxpayer reports income arising from the sale or other disposition of property as provided in this article, and the entire income therefrom has...
• Section 24673.
  Where a corporation subject to the tax imposed by Chapter 2 is engaged in the performance of a contract in this State which will require...
• Section 24673.2.
  (a) Section 460 of the Internal Revenue Code, relating to special rules for long-term contracts, shall apply, except as otherwise provided.(b) (1) Section 804(d) of Public Law 99-514,...
• Section 24674.
  (a) If, in the case of a taxpayer owning any non-interest-bearing obligation issued at a discount and redeemable for fixed amounts increasing at stated intervals the...
• Section 24675.
  If an amount representing compensatory damages is received or accrued by a taxpayer during a taxable year as the result of an award in a...
• Section 24676.
  (a) Prepaid subscription income to which this section applies shall be included in gross income for the taxable years during which the liability described in subsection...
• Section 24676.5.
  (a) A taxpayer who is on an accrual method of accounting may elect not to include in the gross income for the taxable year the income...
• Section 24677.
  (a) If an amount representing damages is received or accrued by a corporation during a taxable year as a result of an award in a civil...
• Section 24678.
  (a) If an amount representing damages is received or accrued during a taxable year as a result of an award in, or settlement of, a civil...
• Section 24679.
  For purposes of Sections 24675 through 24678, a fractional part of a month shall be disregarded unless it amounts to more than half a month,...

Last modified: October 22, 2018