Section 12076.

Cal. Revenue and Taxation Code - RTC § 12076.
in effect
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“Expenses incurred” includes specific and general expenses incurred in the current calendar year on ocean marine contracts written within the United States.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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