California Revenue & Taxation Code

Cal. Rev. & Tax. Code § 17073

Official textleginfo.legislature.ca.govlast amended

# (a)

Section 63 of the Internal Revenue Code, relating to taxable income defined, shall apply, except as otherwise provided.

# (b)

The deduction allowed by Section 17208.1, relating to interest on loans or financed indebtedness obtained from a publicly owned utility for the purchase and installation of energy efficient products or equipment, may not be treated as a miscellaneous itemized deduction under Section 67(a) of the Internal Revenue Code, relating to the 2-percent floor on miscellaneous deductions.

# (c)

For individuals who do not itemize deductions, the standard deduction computed in accordance with Section 17073.5 shall be allowed as a deduction in computing taxable income.

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Nearby sections (25 sections)
  1. 17056
  2. 17057.5
  3. 17058
  4. 17059.2
  5. 17061
  6. 17062
  7. 17062.3
  8. 17062.1
  9. 17062.5
  10. 17063
  11. 17071
  12. 17072
  13. 17073
  14. 17073.5
  15. 17074
  16. 17075
  17. 17076
  18. 17077
  19. 17078
  20. 17081
  21. 17082
  22. 17083
  23. 17085
  24. 17085.7
  25. 17086
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