{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24345.6","citation":"Rev. & Tax. Code, § 24345.6","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":"Added by Stats. 2025, Ch. 231, Sec. 90.   (SB 711)   Effective October 1, 2025.","effective":"2025-10-01","html":"<p>A deduction shall not be allowed for the excise tax imposed by Section 4501 of the Internal Revenue Code, relating to repurchase of corporate stock. </p>","text":"A deduction shall not be allowed for the excise tax imposed by Section 4501 of the Internal Revenue Code, relating to repurchase of corporate stock.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/deductions-24345-6","source":"California Legislative Information bulk export (pubinfo)"}