California Revenue and Taxation Code

§ 24347

RTC § 24347 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 7 · Art. 1

Statute text

For taxable years beginning on or after January 1, 1990, all of the following shall apply:

(a)Section 165 of the Internal Revenue Code, relating to losses.

(b)Section 166 of the Internal Revenue Code, relating to bad debts, except that the deduction of a savings and loan association, bank or financial corporation shall be determined under Section 24348.

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Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 130. Effective January 1, 2001.