California § 24343 - Section 162 of the Internal Revenue Code, relating to trade or business expenses,
Full text of California Public Contract Code - PCC § 24343 — Section 162 of the Internal Revenue Code, relating to trade or business expenses,, with citation guidance and answers to common questions.
§ 24343. Section 162 of the Internal Revenue Code, relating to trade or business expenses,
(a) Section 162 of the Internal Revenue Code, relating to trade or business expenses, shall apply, except as otherwise provided. (b) For purposes of applying Section 162 of the Internal Revenue Code, any references to Section 170 of the Internal Revenue Code shall be modified to refer to Sections 24357 to 24359.1, inclusive, of this part. (c) (1) The amendments made by Section 13601(a), (b), (c), and (d) of the Tax Cuts and Jobs Act (Public Law 115-97) to Section 162(m) of the Internal Revenue Code, relating to certain excessive employee remuneration, shall apply, except as otherwise provided. (2) The amendments made by Section 13601(e)(2) of the Tax Cuts and Jobs Act (Public Law 115-97), relating to exception for binding contracts, shall apply, and is modified by substituting âMarch 31, 2019â for âNovember 2, 2017.â
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24343
What does Public Contract Code - PCC § 24343 cover?
Section 24343 ("Section 162 of the Internal Revenue Code, relating to trade or business expenses,") 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 § 24343?
A common citation format is "Public Contract Code - PCC § 24343" (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 § 24343 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.