§ 24426
46 words·~1 min read·
/ca/revenue-and-taxation-code/24426A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Amounts paid or accrued for such taxes and carrying charges as, under regulations prescribed by the Franchise Tax Board, are chargeable to capital account with respect to property, if the taxpayer elects, in accordance with such regulations, to treat such taxes or charges as so chargeable.