Rev. & Tax. Code, § 25108 · Article 1. General Provisions
Rev. & Tax. Code, § 25108
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) For corporations whose income is subject to the provisions of Section 25101 or 25101.15, the net operating loss determined in accordance with Section 172 of the Internal Revenue Code for a particular taxable year shall be the corporation’s “net loss for state purposes” as defined in subdivision (c).
(b) The net operating loss deduction allowed by Sections 24416, 24416.1, and 24416.2, for a taxable year shall be deducted from “net income for state purposes” (as defined in subdivision (c)) for that taxable year.
(c) “Net income (loss) for state purposes” means the sum of the net income or loss of that corporation apportionable to this state and the income or loss allocable to this state as nonbusiness income, as provided by Chapter 17 (commencing with Section 25101).
Notes and commentary — not statutory text
History
Amended by Stats. 2000, Ch. 862, Sec. 216. 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=25108.
- Text hash
- sha256 bc1f011178549eb9b7ae70a810652065d9fb8b3819452a748da82db8b834e160
- 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.
Revenue and Taxation Code
- Rev. & Tax. Code, § 24416Printed as Sections 24416, 24416.1, and 24416.2
- Rev. & Tax. Code, § 24416.1Printed as Sections 24416, 24416.1, and 24416.2
- Rev. & Tax. Code, div. 2, pt. 11, ch. 17Allocation of IncomePrinted as Chapter 17 (commencing with Section 25101)
- Rev. & Tax. Code, § 25101Printed as Section 25101 or 25101.15
- Rev. & Tax. Code, § 25101.15Printed as Section 25101 or 25101.15
Cited by 9 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 25108. Each shows the citation as that text prints it.
Revenue and Taxation Code
- Rev. & Tax. Code, § 23456Printed as Section 25108
- Rev. & Tax. Code, § 24347.5Printed as Section 25108
- Rev. & Tax. Code, § 24347.6Printed as Section 25108
- Rev. & Tax. Code, § 24347.7Printed as Section 25108
- Rev. & Tax. Code, § 24347.8Printed as Section 25108
- Rev. & Tax. Code, § 24347.9Printed as Section 25108
- Rev. & Tax. Code, § 24347.10Printed as Section 25108
- Rev. & Tax. Code, § 24416Printed as Section 25108
- Rev. & Tax. Code, § 24416.1Printed as Section 25108
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