ARTICLE 3. Other Exclusions [24320. - 24329.]

Article 3 added by Stats. 1969, Ch. 1191.

§§ 24320–24329 · 9 sections

• § 24320 Income derived from the operation of aircraft or a ship or ships by a corporation organized under the laws of a foreign country shall not be included in gross…
• § 24321 Notwithstanding any statute, ordinance, regulation, rule or decision to the contrary, no city, county, city and county, governmental subdivision, district,…
• § 24322 (a) Gross income of a domestic building and loan association, as defined in Section 7701(a)(19) of the Internal Revenue Code, does not include any amount of…
• § 24323 Any amount received as a rebate from a local water agency or supplier for any expenses the taxpayer paid or incurred for the purchase or installation of each…
• § 24324 (a) Gross income does not include any contribution to the capital of the taxpayer. (b) (1) For purposes of this section, “contribution to the capital of the…
• § 24325 Section 118 of the Internal Revenue Code, relating to contributions to the capital of a corporation, shall apply to contributions made on or after January 1,…
• § 24326 (a) Section 136 of the Internal Revenue Code, relating to energy conservation subsidies provided by public utilities, shall apply, except as otherwise…
• § 24327 Section 892 of the Internal Revenue Code, relating to the tax treatment of foreign governments and international organizations, shall apply.
• § 24329 Section 139 of the Internal Revenue Code, relating to disaster relief payments, shall apply, except as otherwise provided.