California Revenue and Taxation Code

§ 17052.12

RTC § 17052.12 Effective Oct 1, 2025Div. 2 · Part 10 · Ch. 2

Statute text

For each taxable year beginning on or after January 1, 1987, there shall be allowed as a credit against the “net tax,” as defined in Section 17039, for the taxable year an amount determined in accordance with Section 41 of the Internal Revenue Code, relating to credit for increasing research activities, except as follows:

(a)For each taxable year beginning before January 1, 1997, the reference to “20 percent” in Section 41(a)(1) of the Internal Revenue Code is modified to read “8 percent.”

(b)(1) For each taxable year beginning on or after January 1, 1997, and before January 1, 1999, the reference to “20 percent” in Section 41(a)(1) of the Internal Revenue Code is modified to read “11 percent.”

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 3. (SB 711) Effective October 1, 2025.