California Revenue and Taxation Code

§ 24310

RTC § 24310 Effective Jul 16, 1991Div. 2 · Part 11 · Ch. 6 · Art. 2

Statute text

(a)Section 111 of the Internal Revenue Code, relating to recovery of tax benefit items, shall apply, except as otherwise provided.

(b)Sections 111(b) and 111(c) of the Internal Revenue Code, relating to credits and treatment of credit carryovers, shall be applicable with respect to credits allowable under this part.

Legislative history

Amended by Stats. 1991, Ch. 117, Sec. 58. Effective July 16, 1991.