ARTICLE 3. Year of Inclusion
Article 3 added by Stats. 1955, Ch. 938.
§§ 24661–24679 · 18 sections
- § 24661 Section 451 of the Internal Revenue Code, relating to the general rule for taxable year of inclusion, shall apply, except as otherwise provided.
- § 24661.3 (a) (1) The options under Sections 112(d)(2) and 112(d)(3) of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. Sec. 7212(d)(2) and (3)), as…
- § 24661.4 Section 451(b) of the Internal Revenue Code, relating to inclusion not later than for financial accounting purposes, shall not apply to specified credit card…
- § 24661.5 Section 451(g)(3) of the Internal Revenue Code, relating to special election rule, is modified by substituting the phrase “subdivision (b) of Section 24949.1”…
- § 24661.6 Section 451(k) of the Internal Revenue Code, relating to special rule for sales or dispositions to implement Federal Energy Regulatory Commission or state…
- § 24667 (a) (1) Sections 453, 453A, and 453B of the Internal Revenue Code, relating to installment method, special rules for nondealers, and gain or loss on…
- § 24668.1 Any taxpayer who disposes of property as a result of the exercise of the power of requisition or condemnation may, at his or her election, have the income…
- § 24670 The amendments to Section 453B(e) of the Internal Revenue Code as enacted by Section 13512(b)(1) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97),…
- § 24672 (a) Where a taxpayer reports income arising from the sale or other disposition of property as provided in this article, and the entire income therefrom has not…
- § 24673 Where a corporation subject to the tax imposed by Chapter 2 is engaged in the performance of a contract in this State which will require more than a year to…
- § 24673.2 (a) Section 460 of the Internal Revenue Code, relating to special rules for long-term contracts, shall apply, except as otherwise provided. (b) (1) Section…
- § 24674 (a) If, in the case of a taxpayer owning any non-interest-bearing obligation issued at a discount and redeemable for fixed amounts increasing at stated…
- § 24675 If an amount representing compensatory damages is received or accrued by a taxpayer during a taxable year as the result of an award in a civil action for…
- § 24676 (a) Prepaid subscription income to which this section applies shall be included in gross income for the taxable years during which the liability described in…
- § 24676.5 (a) A taxpayer who is on an accrual method of accounting may elect not to include in the gross income for the taxable year the income attributable to the…
- § 24677 (a) If an amount representing damages is received or accrued by a corporation during a taxable year as a result of an award in a civil action for breach of…
- § 24678 (a) If an amount representing damages is received or accrued during a taxable year as a result of an award in, or settlement of, a civil action brought under…
- § 24679 For purposes of Sections 24675 through 24678, a fractional part of a month shall be disregarded unless it amounts to more than half a month, in which case it…