Rev. & Tax. Code, § 24343 · Article 1. Deductions
Rev. & Tax. Code, § 24343
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Section 162 of the Internal Revenue Code, relating to trade or business expenses, shall apply, except as otherwise provided.
(b) For purposes of applying Section 162 of the Internal Revenue Code, any references to Section 170 of the Internal Revenue Code shall be modified to refer to Sections 24357 to 24359.1, inclusive, of this part.
(c) (1) The amendments made by Section 13601(a), (b), (c), and (d) of the Tax Cuts and Jobs Act (Public Law 115-97) to Section 162(m) of the Internal Revenue Code, relating to certain excessive employee remuneration, shall apply, except as otherwise provided.
(2) The amendments made by Section 13601(e)(2) of the Tax Cuts and Jobs Act (Public Law 115-97), relating to exception for binding contracts, shall apply, and is modified by substituting “March 31, 2019” for “November 2, 2017.”
Notes and commentary — not statutory text
History
Amended by Stats. 2019, Ch. 39, Sec. 22. (AB 91) Effective July 1, 2019.
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=24343.
- Text hash
- sha256 886e1d3530009772203939a17e3b70f5b2d94a2a21a642fa0bc80f9aa85ab7ec
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 7 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 24343. Each shows the citation as that text prints it.
Business and Professions Code
Revenue and Taxation Code
- Rev. & Tax. Code, § 24343.2Printed as Section 24343
- Rev. & Tax. Code, § 24343.5Printed as Section 24343
- Rev. & Tax. Code, § 24345Printed as Section 24343
- Rev. & Tax. Code, § 24436.5Printed as Section 24343, 24344, 24345, or 24349
- Rev. & Tax. Code, § 24448Printed as Section 24343, 24344, 24345, 24349, or 24354.2
- Rev. & Tax. Code, § 24965Printed as Section 24343(d)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.