{"data":{"id":"us-ca/rtc-24360","jurisdiction":"us-ca","citation":"RTC § 24360","heading":"","body":"In the case of any bond, as defined in Section 24363, the following rules shall apply to the amortizable bond premium (determined under Section 24361 on the bond):\n(a) In the case of a bond, the amount of the amortizable bond premium for the taxable year shall be allowed as a deduction.\n(b) In the case of any bond the interest on which is excludable from gross income under Chapter 3 (commencing with Section 23501), no deduction shall be allowed for the amortizable bond premium for the taxable year.","path":["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 1. Deductions [24341. - 24383.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"571b83decdb93d7c51020491e166dd230285f8ca4c89e1876f3836ab2d289596","source_id":"us-ca","stale":false,"prev":"us-ca/rtc-24359.1","next":"us-ca/rtc-24361"},"notice":"GroundRules: Original legal text. Not legal advice."}