Rev. & Tax. Code, § 24360 · Article 1. Deductions
Rev. & Tax. Code, § 24360
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
In the case of any bond, as defined in Section 24363, the following rules shall apply to the amortizable bond premium (determined under Section 24361 on the bond):
(a) In the case of a bond, the amount of the amortizable bond premium for the taxable year shall be allowed as a deduction.
(b) In the case of any bond the interest on which is excludable from gross income under Chapter 3 (commencing with Section 23501), no deduction shall be allowed for the amortizable bond premium for the taxable year.
Notes and commentary — not statutory text
History
Amended by Stats. 2000, Ch. 862, Sec. 147. Effective January 1, 2001.
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=24360.
- Text hash
- sha256 571b83decdb93d7c51020491e166dd230285f8ca4c89e1876f3836ab2d289596
- 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 6 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 24360. Each shows the citation as that text prints it.
Revenue and Taxation Code
- Rev. & Tax. Code, § 24361Printed as Section 24360
- Rev. & Tax. Code, § 24362Printed as Sections 24360 to 24363.5, inclusive
- Rev. & Tax. Code, § 24363Printed as Sections 24360 to 24363.5, inclusive
- Rev. & Tax. Code, § 24363.5Printed as Section 24360
- Rev. & Tax. Code, § 24871Printed as Section 24360
- Rev. & Tax. Code, § 24916Printed as Section 24360
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