{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24408","citation":"Rev. & Tax. Code, § 24408","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 2. Special Deductions [24401. - 24416.24.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-7/article-2"}],"history":"Amended by Stats. 1997, Ch. 605, Sec. 92.   Effective January 1, 1998.","effective":"1998-01-01","html":"<p>The term “organizational expenditures” means any expenditure that meets all of the following requirements:</p><p>(a) Is incident to the creation of the corporation.</p><p>(b) Is chargeable to capital account.</p><p>(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.</p>","text":"The term “organizational expenditures” means any expenditure that meets all of the following requirements: (a) Is incident to the creation of the corporation. (b) Is chargeable to capital account. (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.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/special-deductions-24408","source":"California Legislative Information bulk export (pubinfo)"}