Cal. Rev. & Tax. Code § 17241

Current through the 2024 Legislative Session.

Section 17241 - Modification of IRC Section 213

(a) Section 213(a) of the Internal Revenue Code, relating to allowance of deduction, is modified by substituting "7.5 percent" for "10 percent."

(b) Section 213(f) of the Internal Revenue Code, relating to special rule for 2013, 2014, 2015, and 2016, shall not apply.

Ca. Rev. and Tax. Code § 17241

Added by Stats 2015 ch 359 (AB 154),s 14, eff. 9/30/2015, op. for taxable years beginning on or after 1/1/2015.