{"data":{"id":"us-ca/rtc-24408","jurisdiction":"us-ca","citation":"RTC § 24408","heading":"","body":"The term “organizational expenditures” means any expenditure that meets all of the following requirements:\n(a) Is incident to the creation of the corporation.\n(b) Is chargeable to capital account.\n(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.","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 2. Special Deductions [24401. - 24416.24.]"],"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":"3ccde220e77c3b6c0d0bc607ad9d2effabebbffa8f2dc62fcbe71627fc974480","source_id":"us-ca","stale":false,"prev":"us-ca/rtc-24407","next":"us-ca/rtc-24409"},"notice":"GroundRules: Original legal text. Not legal advice."}