{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24341","citation":"Rev. & Tax. Code, § 24341","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 7. Net Income [24341. - 24449.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-7"},{"name":"ARTICLE 1. Deductions [24341. - 24383.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-7/article-1"}],"history":"Amended by Stats. 1984, Ch. 193, Sec. 127.","effective":null,"html":"<p>“Net income” means the gross income, computed under Chapter 6 (commencing with Section <a href=\"/rtc/24271\">24271</a>), less the deductions allowed under this article and Article 2 (commencing with Section <a href=\"/rtc/24401\">24401</a>).</p>","text":"“Net income” means the gross income, computed under Chapter 6 (commencing with Section 24271), less the deductions allowed under this article and Article 2 (commencing with Section 24401).","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/deductions-24341","source":"California Legislative Information bulk export (pubinfo)"}