California Revenue and Taxation Code

§ 24426

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

RTC § 24426Div. 2 · Part 11 · Ch. 7 · Art. 3

Statute text

View on leginfo.ca.gov

Amounts paid or accrued for such taxes and carrying charges as, under regulations prescribed by the Franchise Tax Board, are chargeable to capital account with respect to property, if the taxpayer elects, in accordance with such regulations, to treat such taxes or charges as so chargeable.

Legislative history

Added by Stats. 1955, Ch. 938.