California § 24310.5 - For taxable years beginning on or after January 1, 2026, and before January 1, 20
Full text of California Public Contract Code - PCC § 24310.5 — For taxable years beginning on or after January 1, 2026, and before January 1, 20, with citation guidance and answers to common questions.
§ 24310.5. For taxable years beginning on or after January 1, 2026, and before January 1, 20
(a) For taxable years beginning on or after January 1, 2026, and before January 1, 2031, gross income does not include any payment made pursuant to Section 6417 of the Internal Revenue Code, as added by Public Law 117-169, relating to elective payment of applicable credits. Sections 6417(c)(1)(C) and 6417(c)(1)(D) of the Internal Revenue Code, as added by Public Law 117-169, shall apply. (b) For taxable years beginning on or after January 1, 2026, and before January 1, 2031, gross income does not include any payment made pursuant to Section 6418 of the Internal Revenue Code, as added by Public Law 117-169, relating to transfer of certain credits. (1) Sections 6418(c)(1)(A) and 6418(c)(1)(B) of the Internal Revenue Code, as added by Public Law 117-169, shall apply. (2) No deduction shall be allowed for any amount paid in consideration of a transfer made as described in Section 6418 of the Internal Revenue Code, as added by Public Law 117-169. (c) For purposes of this section, âpayment made pursuant to Section 6418 of the Internal Revenue Codeâ includes the value of a credit received by a transferee pursuant to Section 6418 of the Internal Revenue Code, as added by Public Law 117-169. (d) This section shall remain in effect only until December 1, 2031, and as of that date is repealed.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24310.5
What does Public Contract Code - PCC § 24310.5 cover?
Section 24310.5 ("For taxable years beginning on or after January 1, 2026, and before January 1, 20") 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 § 24310.5?
A common citation format is "Public Contract Code - PCC § 24310.5" (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 § 24310.5 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.