Rev. & Tax. Code, § 23459 · Chapter 2.5. Alternative Minimum Tax
Rev. & Tax. Code, § 23459
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
For purposes of this part, the provisions of Section 59 of the Internal Revenue Code are modified as follows:
(a) Section 59(a) of the Internal Revenue Code, relating to the alternative minimum tax foreign tax credit, shall not be applicable.
(b) Section 59(b) of the Internal Revenue Code, relating to income eligible for the credit under Section 936 of the Internal Revenue Code, shall not be applicable.
(c) Subparagraphs (A), (B), and (C) of Section 59(e)(2) of the Internal Revenue Code, relating to qualified expenditures, are modified to refer to:
(1) Section 24364, in lieu of the deduction under Section 173 of the Internal Revenue Code.
(2) Section 24423, in lieu of the deduction under Section 263(c) of the Internal Revenue Code.
Notes and commentary — not statutory text
History
Amended by Stats. 1991, Ch. 117, Sec. 50. Effective July 16, 1991.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=23459.
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Revenue and Taxation Code
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