California Legal Codes and Statutes

§ 24310

Amended by Stats. 1991, Ch. 117, Sec. 58. Effective July 16, 1991.
(a)Section 111 of the Internal Revenue Code, relating to recovery of tax benefit items, shall apply, except as otherwise provided.
(b)Sections 111(b) and 111(c) of the Internal Revenue Code, relating to credits and treatment of credit carryovers, shall be applicable with respect to credits allowable under this part.

Cite this section

Cal. Rev. & Tax. Code § 24310 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-6-gross-income/article-2-exclusions/section-24310

Other sections in Article 2 - Exclusions

§ 24301§ 24302§ 24303§ 24305§ 24306§ 24307§ 24308§ 24308.1§ 24308.2§ 24308.3…§ 24309.5§ 24309.6§ 24309.7§ 24309.9§ 24310§ 24310.5§ 24311§ 24312§ 24314§ 24315

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 16, 2026.