California Revenue and Taxation Code

§ 24369.4

RTC § 24369.4 Effective Oct 7, 2005Div. 2 · Part 11 · Ch. 7 · Art. 1

(a)Section 198 of the Internal Revenue Code, relating to expensing of environmental remediation costs, shall apply, except as otherwise provided.

(b)Section 198(b)(2) is modified to refer to Sections 24349 to 24355, inclusive, in lieu of Section 167 of the Internal Revenue Code.

(c)Section 198(f) is modified to refer to Section 24442 in lieu of Section 280B of the Internal Revenue Code.

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Legislative history

Amended by Stats. 2005, Ch. 691, Sec. 64. Effective October 7, 2005.