Section 24449 - Applicability of IRC Section 291(a) Section 291 of the Internal Revenue Code, relating to special rules relating to corporate preference items, shall apply, except as otherwise provided.(b) The reference in Section 291(b)(1) of the Internal Revenue Code to "Section 263(c)" shall be modified to mean the deduction under Section 24423 of this part.Ca. Rev. and Tax. Code § 24449
Amended by Stats 2002 ch 488 (AB 2065),s 12, eff. 9/11/2002.