{"code":"RTC","codeName":"Revenue and Taxation Code","section":"23033","citation":"Rev. & Tax. Code, § 23033","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 11. CORPORATION TAX LAW [23001. - 25141.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11"},{"name":"CHAPTER 1. General Provisions and Definitions [23001. - 23060.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-1"},{"name":"ARTICLE 2. Definitions [23030. - 23060.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-1/article-2"}],"history":"Added by Stats. 1949, Ch. 557.","effective":null,"html":"<p>“Paid or incurred” and “paid or accrued” shall be construed according to the method of accounting upon the basis of which net income is computed.</p>","text":"“Paid or incurred” and “paid or accrued” shall be construed according to the method of accounting upon the basis of which net income is computed.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/definitions-23033","source":"California Legislative Information bulk export (pubinfo)"}