California § 23453 - There shall be allowed as a credit against the regular tax (as defined by subdivi
Full text of California Public Contract Code - PCC § 23453 — There shall be allowed as a credit against the regular tax (as defined by subdivi, with citation guidance and answers to common questions.
§ 23453. There shall be allowed as a credit against the regular tax (as defined by subdivi
(a) There shall be allowed as a credit against the regular tax (as defined by subdivision (c) of Section 23455), for any taxable year, an amount equal to the minimum tax credit for that taxable year. (b) For purposes of subdivision (a), the minimum tax credit shall be determined in accordance with Section 53 of the Internal Revenue Code, except as otherwise provided in this part. (c) For purposes of this chapter, the amount determined under Section 53(c)(1) of the Internal Revenue Code shall be the regular tax as defined by subdivision (c) of Section 23455, reduced by the sum of the credits allowable under this part other than any credit which reduces the tax below the tentative minimum tax, as defined by Section 23455. (d) Section 53(e) of the Internal Revenue Code, relating to the application to applicable corporations, shall not apply.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 23453
What does Public Contract Code - PCC § 23453 cover?
Section 23453 ("There shall be allowed as a credit against the regular tax (as defined by subdivi") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 23453?
A common citation format is "Public Contract Code - PCC § 23453" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 23453 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.