California Revenue and Taxation Code

§ 24440

RTC § 24440 Effective Oct 1, 2025Div. 2 · Part 11 · Ch. 7 · Art. 3

Statute text

(a)Section 280C(b) of the Internal Revenue Code, relating to credit for qualified clinical testing expenses for certain drugs, shall apply, except as otherwise provided.

(b)(1) Section 280C(c) of the Internal Revenue Code, relating to credit for increasing research activities, shall apply, except as otherwise provided.

(2)The amendments made by Section 13206(d)(2)(A) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 280C(c) of the Internal Revenue Code, relating to credit for increasing research activities, shall not apply, except as otherwise provided.

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 102. (SB 711) Effective October 1, 2025.