California Revenue and Taxation Code

§ 23456

RTC § 23456 Effective Oct 1, 2025Div. 2 · Part 11 · Ch. 2.5

Statute text

For purposes of this part, Section 56 of the Internal Revenue Code is modified as follows:

(a)(1) Section 56(a)(2) of the Internal Revenue Code, relating to mining exploration and development costs, shall apply only to expenses incurred during taxable years beginning on or after January 1, 1988.

(2)Section 56(a)(5) of the Internal Revenue Code, relating to pollution control facilities, shall apply only to amounts allowable as a deduction under Section 24372.3.

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 79. (SB 711) Effective October 1, 2025.