California Revenue and Taxation Code ARTICLE 2 - Special Deductions

• Section 24401.
  In addition to the deductions provided in Article 1 (commencing with Section 24341), there shall be allowed as deductions in computing taxable income the items...
• Section 24402.
  (a) A portion of the dividends received during the taxable year declared from income which has been included in the measure of the taxes imposed under...
• Section 24403.
  In the case of a building and loan association, organized and operating wholly or partly on a mutual plan, or a federal savings and loan...
• Section 24404.
  In the case of farmers, fruit growers, or like associations organized and operated in whole or in part on a cooperative or mutual basis, (a) for...
• Section 24405.
  (a) In the case of other associations organized and operated in whole or in part on a cooperative or a mutual basis, all income resulting from...
• Section 24406.
  In the case of other associations organized and operated as co-operative corporations pursuant to Part 2 (commencing with Section 12200), Division 3, Title 1 of...
• Section 24406.5.
  (a) In the case of gas producers’ cooperative associations organized and operated as cooperative corporations pursuant to Chapter 1 (commencing with Section 3001) of Part 4...
• Section 24406.6.
  For purposes of Section 24373.5, and Sections 24404 to 24406.5, inclusive, net earnings shall not be reduced by amounts paid during the year as dividends...
• Section 24407.
  (a) The organizational expenditures of a corporation may, at the election of the corporation (made in accordance with regulations prescribed by the Franchise Tax Board), be...
• Section 24408.
  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...
• Section 24409.
  The election provided by Section 24407 may be made for any taxable year beginning after December 31, 1960, but only if made not later than...
• Section 24410.
  (a) For taxable years commencing on or after January 1, 2004, the allowable dividends received deduction with respect to qualified dividends received by a corporation during...
• Section 24411.
  (a) For purposes of those taxpayers electing to compute income under Section 25110, 100 percent of the qualifying dividends described in subdivision (c) and 75 percent...
• Section 24414.
  (a) Section 195 of the Internal Revenue Code, relating to startup expenditures, shall apply, except as otherwise provided.(b) References to Sections 163(a), 164, 165, and 174 of...
• Section 24415.
  (a) To the extent specified in subdivision (b), there shall be allowed as a deduction to a taxpayer those payments of the taxpayer which are made...
• Section 24416.
  Except as provided in Sections 24416.1, 24416.2, 24416.4, 24416.5, 24416.6, and 24416.7, a net operating loss deduction shall be allowed in computing net income under...
• Section 24416.05.
  (a) In addition to the modifications made by Section 24416, the deduction provided by Section 172 of the Internal Revenue Code, relating to net operating loss...
• Section 24416.1.
  (a) A qualified taxpayer, as defined in Section 24416.2, 24416.4, 24416.5, 24416.6, or 24416.7, may elect to take the deduction provided by Section 172 of the...
• Section 24416.3.
  (a) Notwithstanding Sections 24416, 24416.1, 24416.2, 24416.4, 24416.5, 24416.6, and 24416.7 of this code and Section 172 of the Internal Revenue Code, no net operating loss...
• Section 24416.4.
  (a) The term “qualified taxpayer” as used in Section 24416.1 includes a corporation engaged in the conduct of a trade or business within the Los Angeles...
• Section 24416.7.
  (a) The term “qualified taxpayer” as used in Section 24416.1 includes a corporation that conducts a farming business that is directly affected by Pierce’s disease and...
• Section 24416.21.
  (a) Notwithstanding Sections 24416, 24416.1, 24416.2, 24416.4, 24416.5, 24416.6, and 24416.7 of this code and Section 172 of the Internal Revenue Code, no net operating loss...
• Section 24416.22.
  Notwithstanding Section 24416.1, 24416.2, 24416.4, 24416.5, 24416.6, or 24416.7 to the contrary, a net operating loss attributable to a taxable year beginning on or after...

Last modified: October 22, 2018