A deduction shall not be allowed for the excise tax imposed by Section 4501 of the Internal Revenue Code, relating to repurchase of corporate stock.
(Added by Stats. 2025, Ch. 231, Sec. 90. (SB 711) Effective October 1, 2025.)
Section 24345.6
Rev. & Tax. Code § 24345.6, under Deductions.
Rev. & Tax. Code § 24345.6