California Revenue & Taxation Code
Cal. Rev. & Tax. Code § 24365
# (a)
Section 174 of the Internal Revenue Code, relating to research and experimental expenditures, shall apply, except as otherwise provided.
# (b)
Section 174(b) of the Internal Revenue Code is modified to refer to subdivision (a) of Section 24916 in lieu of Section 1016(a)(1) of the Internal Revenue Code.
# (c)
Section 174(c) of the Internal Revenue Code is modified to refer to Sections 24349 to 24356, inclusive, in lieu of Section 167 of the Internal Revenue Code.
# (d)
The amendments made by Section 13206(a) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), relating to amortization of research and experimental expenditures, for taxable years beginning on or after January 1, 2022, shall not apply.
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