California Revenue and Taxation Code ARTICLE 3 - Items Not Deductible

• Section 24421.
  In computing “net income” of taxpayers under this part, no deduction shall be allowed for the items specified in this article.(Added by Stats. 1955, Ch.
• Section 24422.
  No deduction shall be allowed for both of the following:(a) Any amount paid out for new buildings or for permanent improvements or betterments made to increase...
• Section 24422.3.
  Section 263A of the Internal Revenue Code, relating to capitalization and inclusion in inventory costs of certain expenses, shall apply, except as otherwise provided.(Amended by...
• Section 24423.
  (a) Notwithstanding Section 24422, regulations shall be prescribed by the Franchise Tax Board under this part corresponding to the regulations which granted the option to deduct...
• Section 24424.
  Section 264 of the Internal Revenue Code, relating to certain amounts paid in connection with insurance contracts, shall apply, except as otherwise provided.(Repealed and added...
• Section 24425.
  (a) No deduction shall be allowed for any amount otherwise allowable as a deduction which is allocable to one or more classes of income not included...
• Section 24426.
  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...
• Section 24427.
  Section 267 of the Internal Revenue Code, relating to losses, expenses, and interest with respect to transactions between related taxpayers, shall apply, except as otherwise...
• Section 24429.
  Section 276 of the Internal Revenue Code, relating to certain indirect contributions to political parties, shall apply, except as otherwise provided.(Added by Stats. 1997, Ch....
• Section 24431.
  (a) If—(1) Any person or persons acquire, or acquired on or after October 8, 1940, directly or indirectly, control of a corporation; or(2) Any corporation acquires, or acquired...
• Section 24434.
  (a) In the case of a taxpayer (other than a bank as defined in Section 23039) no deduction shall be allowed under Section 24347 or 24348...
• Section 24436.1.
  (a) In computing net income, deductions, including deductions for cost of goods sold, shall not be allowed to any taxpayer from any of its gross income...
• Section 24436.5.
  (a) No deduction shall be allowed for interest, depreciation, taxes, or amortization paid or incurred in the taxable year under Section 24343, 24344, 24345, or 24349,...
• Section 24437.
  Section 277 of the Internal Revenue Code, relating to deductions incurred by certain membership organizations in transactions with members, shall apply, except as otherwise provided.(Amended...
• Section 24438.
  (a) No deduction shall be allowed for any interest paid or incurred by a taxpayer during the taxable year with respect to its corporate acquisition indebtedness...
• Section 24439.
  (a) No deduction shall be allowed to the issuing corporation for any premium paid or incurred upon the repurchase of a bond, debenture, note, or certificate...
• Section 24440.
  (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)...
• Section 24441.
  In computing net income no deduction shall be allowed for (a) abandonment fees paid in respect of property on which the open-space easement is terminated under...
• Section 24442.
  In the case of the demolition of any structure—(1) No deduction otherwise allowable under this part shall be allowed to the owner or lessee of such...
• Section 24442.5.
  Section 280H of the Internal Revenue Code, relating to limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years, shall...
• Section 24443.
  Section 274 of the Internal Revenue Code, relating to the disallowance of certain entertainment, gift, travel, etc., expenses, shall apply, except as otherwise provided.(Amended by...
• Section 24447.
  The Franchise Tax Board may disallow a deduction under this part to an individual or entity for amounts paid as remuneration for personal services if...
• Section 24448.
  (a) Notwithstanding any other provisions in this part, in the case of a taxpayer who owns real property and has either failed to provide the information...
• Section 24449.
  (a) Section 291 of the Internal Revenue Code, relating to special rules relating to corporate preference items, shall apply, except as otherwise provided.(b) The reference in Section...

Last modified: October 22, 2018