{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24325","citation":"Rev. & Tax. Code, § 24325","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 6. Gross Income [24271. - 24329.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-6"},{"name":"ARTICLE 3. Other Exclusions [24320. - 24329.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-6/article-3"}],"history":"Added by Stats. 1992, Ch. 698, Sec. 20.   Effective September 15, 1992.","effective":"1992-09-15","html":"<p>Section 118 of the Internal Revenue Code, relating to contributions to the capital of a corporation, shall apply to contributions made on or after January 1, 1992.</p>","text":"Section 118 of the Internal Revenue Code, relating to contributions to the capital of a corporation, shall apply to contributions made on or after January 1, 1992.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/other-exclusions-24325","source":"California Legislative Information bulk export (pubinfo)"}