Cal. Rev. & Tax. Code § 24408

Current through the 2023 Legislative Session.
Section 24408 - "Organizational expenditures" defined

The term "organizational expenditures" means any expenditure that meets all of the following requirements:

(a) Is incident to the creation of the corporation.
(b) Is chargeable to capital account.
(c) Is of a character which, if expended incident to the creation of a corporation having a limited life, would be amortizable over that life.

Ca. Rev. and Tax. Code § 24408

Amended by Stats. 1997, Ch. 605, Sec. 92. Effective January 1, 1998.