GroundRules
RTC § 24408
Where this section sits in the code
- Revenue and Taxation Code - RTC
- DIVISION 2. OTHER TAXES [6001. - 61050.]
- PART 11. CORPORATION TAX LAW [23001. - 25141.]
- CHAPTER 7. Net Income [24341. - 24449.]
- ARTICLE 2. Special Deductions [24401. - 24416.24.]
The term “organizational expenditures” means any expenditure that meets all of the following requirements:
(a) Is incident to the creation of the corporation.
(b) Is chargeable to capital account.
(c) Is of a character which, if expended incident to the creation of a corporation having a limited life, would be amortizable over that life.
Collected 2026-09-14T05:56:33Z. Source file · JSON