California Revenue and Taxation Code

§ 24358

RTC § 24358 Effective Oct 1, 2025Div. 2 · Part 11 · Ch. 7 · Art. 1

Statute text

(a)In the case of a corporation, the total deductions under Section 24357 for any taxable year, other than for contributions to which subdivision (b) applies, shall not exceed 10 percent of the taxpayer’s net income computed without regard to any of the following:

(1)Subdivision (e) of Section 23802.

(2)Sections 24357 to 24359, inclusive.

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 96. (SB 711) Effective October 1, 2025.