California Revenue and Taxation Code

§ 24345.6

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

RTC § 24345.6 Effective Oct 1, 2025Div. 2 · Part 11 · Ch. 7 · Art. 1

A deduction shall not be allowed for the excise tax imposed by Section 4501 of the Internal Revenue Code, relating to repurchase of corporate stock.

Legislative history

Added by Stats. 2025, Ch. 231, Sec. 90. (SB 711) Effective October 1, 2025.