Revenue and Taxation Code § 24345.6

ARTICLE 1. Deductions

Current as of September 28, 2026Rev. & Tax. Code, § 24345.6Official source ↗

Added by Stats. 2025, Ch. 231, Sec. 90. (SB 711) Effective October 1, 2025.

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.