California § 24675 - If an amount representing compensatory damages is received or accrued by a taxpay
Full text of California Public Contract Code - PCC § 24675 — If an amount representing compensatory damages is received or accrued by a taxpay, with citation guidance and answers to common questions.
§ 24675. If an amount representing compensatory damages is received or accrued by a taxpay
If an amount representing compensatory damages is received or accrued by a taxpayer during a taxable year as the result of an award in a civil action for infringement of a patent issued by the United States, then the tax attributable to the inclusion of such amount in gross income for the taxable year shall not be greater than the aggregate of the increases in taxes which would have resulted if such amount had been included in gross income in equal installments for each month during which such infringement occurred.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24675
What does Public Contract Code - PCC § 24675 cover?
Section 24675 ("If an amount representing compensatory damages is received or accrued by a taxpay") 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 § 24675?
A common citation format is "Public Contract Code - PCC § 24675" (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 § 24675 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.