ARTICLE 2. Special Deductions

Article 2 added by Stats. 1955, Ch. 938.

§§ 24401–24416.24 · 24 sections

§ 24401 In addition to the deductions provided in Article 1 (commencing with Section 24341), there shall be allowed as deductions in computing taxable income the items…
§ 24402 (a) A portion of the dividends received during the taxable year declared from income which has been included in the measure of the taxes imposed under Chapter…
§ 24403 In the case of a building and loan association, organized and operating wholly or partly on a mutual plan, or a federal savings and loan association, organized…
§ 24404 In the case of farmers, fruit growers, or like associations organized and operated in whole or in part on a cooperative or mutual basis, (a) for the purpose of…
§ 24405 (a) In the case of other associations organized and operated in whole or in part on a cooperative or a mutual basis, all income resulting from or arising out…
§ 24406 In the case of other associations organized and operated as co-operative corporations pursuant to Part 2 (commencing with Section 12200), Division 3, Title 1…
§ 24406.5 (a) In the case of gas producers’ cooperative associations organized and operated as cooperative corporations pursuant to Chapter 1 (commencing with Section…
§ 24406.6 For purposes of Section 24373.5, and Sections 24404 to 24406.5, inclusive, net earnings shall not be reduced by amounts paid during the year as dividends on…
§ 24407 (a) The organizational expenditures of a corporation may, at the election of the corporation (made in accordance with regulations prescribed by the Franchise…
§ 24408 The term “organizational expenditures” means any expenditure that meets all of the following requirements: (a) Is incident to the creation of the corporation.…
§ 24409 The election provided by Section 24407 may be made for any taxable year beginning after December 31, 1960, but only if made not later than the time prescribed…
§ 24410 (a) For taxable years commencing on or after January 1, 2004, the allowable dividends received deduction with respect to qualified dividends received by a…
§ 24411 (a) For purposes of those taxpayers electing to compute income under Section 25110, 100 percent of the qualifying dividends described in subdivision (c) and 75…
§ 24414 (a) Section 195 of the Internal Revenue Code, relating to startup expenditures, shall apply, except as otherwise provided. (b) References to Sections 163(a),…
§ 24415 (a) To the extent specified in subdivision (b), there shall be allowed as a deduction to a taxpayer those payments of the taxpayer which are made pursuant to…
§ 24416 Except as provided in Sections 24416.1, 24416.4, and 24416.7, or Sections 24416.2, 24416.5, and 24416.6, as those sections read on November 30, 2014, a net…
§ 24416.1 (a) A qualified taxpayer, as defined in Section 24416.4 or 24416.7, or Section 24416.2, 24416.5, or 24416.6, as those sections read on November 30, 2014, may…
§ 24416.3 (a) Notwithstanding Sections 24416, 24416.1, 24416.4, and 24416.7, or Sections 24416.2, 24416.5, and 24416.6, as those sections read on November 30, 2014, and…
§ 24416.4 (a) The term “qualified taxpayer” as used in Section 24416.1 includes a corporation engaged in the conduct of a trade or business within the Los Angeles… see note
§ 24416.7 (a) The term “qualified taxpayer” as used in Section 24416.1 includes a corporation that conducts a farming business that is directly affected by Pierce’s…
§ 24416.21 (a) Notwithstanding Sections 24416, 24416.1, 24416.4, and 24416.7, Sections 24416.2, 24416.5, and 24416.6, as those sections read on November 30, 2014, and…
§ 24416.22 Notwithstanding Section 24416.1, 24416.4, or 22416.7, or Section 24416.2, 24416.5, or 24416.6, as those sections read on November 30, 2014, to the contrary, a…
§ 24416.23 (a) Notwithstanding Sections 24416, 24416.1, 24416.4, 24416.7, and 24416.22, former Sections 24416.2, 24416.5, 24416.6, and 24416.20, and Section 172 of the…
§ 24416.24 (a) Notwithstanding Sections 24416, 24416.1, 24416.4, 24416.7, and 24416.22, former Sections 24416.2, 24416.5, 24416.6, and 24416.20, and Section 172 of the…