Revenue and Taxation Code § 24310

ARTICLE 2. Exclusions

Current as of September 28, 2026Rev. & Tax. Code, § 24310Official source ↗

Amended by Stats. 1991, Ch. 117, Sec. 58. Effective July 16, 1991.

(a) Section 111 of the Internal Revenue Code, relating to recovery of tax benefit items, shall apply, except as otherwise provided.

(b) Sections 111(b) and 111(c) of the Internal Revenue Code, relating to credits and treatment of credit carryovers, shall be applicable with respect to credits allowable under this part.