California Revenue and Taxation Code

§ 24661.4

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

RTC § 24661.4 Effective Oct 1, 2025Div. 2 · Part 11 · Ch. 13 · Art. 3

Statute text

View on leginfo.ca.gov

Section 451(b) of the Internal Revenue Code, relating to inclusion not later than for financial accounting purposes, shall not apply to specified credit card fees, as defined in Treasury Regulations Section 1.451-3(j)(2).

Legislative history

Added by Stats. 2025, Ch. 231, Sec. 110. (SB 711) Effective October 1, 2025.