California Revenue and Taxation Code

§ 23609

RTC § 23609 Effective Oct 1, 2025Div. 2 · Part 11 · Ch. 3.5

Statute text

For each taxable year beginning on or after January 1, 1987, there shall be allowed as a credit against the “tax” (as defined by Section 23036) 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, both of the following modifications shall apply:

(1)The reference to “20 percent” in Section 41(a)(1) of the Internal Revenue Code is modified to read “8 percent.”

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 83. (SB 711) Effective October 1, 2025.