California § 24273 - Amounts received as loans from the Commodity Credit Corporation shall, at the ele
Full text of California Public Contract Code - PCC § 24273 — Amounts received as loans from the Commodity Credit Corporation shall, at the ele, with citation guidance and answers to common questions.
§ 24273. Amounts received as loans from the Commodity Credit Corporation shall, at the ele
(a) Amounts received as loans from the Commodity Credit Corporation shall, at the election of the taxpayer, be considered as income and shall be included in gross income for the taxable year in which received. (b) If a taxpayer exercises the election provided for in subsection (a) for any taxable year, then the method of computing income so adopted shall be adhered to with respect to all subsequent taxable years unless with the approval of the Franchise Tax Board a change to a different method is authorized.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24273
What does Public Contract Code - PCC § 24273 cover?
Section 24273 ("Amounts received as loans from the Commodity Credit Corporation shall, at the ele") 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 § 24273?
A common citation format is "Public Contract Code - PCC § 24273" (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 § 24273 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.