Amended by Stats. 1993, Ch. 873, Sec. 16. Effective October 6, 1993.
Subchapter C of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to corporate distributions and adjustments, shall apply, except as otherwise provided.
Chapter 4 - Corporate Distributions and Adjustments
California Revenue and Taxation Code — §§ 17321-17324
Sections (6)
Added by Stats. 2025, Ch. 231, Sec. 46. (SB 711) Effective October 1, 2025.
The amendments to Section 367(a) of the Internal Revenue Code as enacted by Section 14102 of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), relating to repeal of the exception for transfers of certain property used in the active conduct of a trade or business, shall not apply.
Amended by Stats. 1993, Ch. 31, Sec. 11. Effective June 16, 1993. Operative January 1, 1994, by Sec. 83 of Ch. 31.
For purposes of Section 302(c)(2) of the Internal Revenue Code, the periods of limitation to be extended for one year are the periods provided in Sections 19057 and 19371.
Added by Stats. 2025, Ch. 231, Sec. 47. (SB 711) Effective October 1, 2025.
Section 381(c)(20) of the Internal Revenue Code, relating to carryforward of disallowed business interest, shall not apply.
Amended by Stats. 2025, Ch. 231, Sec. 48. (SB 711) Effective October 1, 2025. Applicable to taxable years beginning on or after January 1, 2015, as provided in Sec. 41 of Stats. 2015, Ch. 359.
(a)Section 382(n) of the Internal Revenue Code, relating to special rule for certain ownership changes, shall not apply.
(b)Section 382(d)(3) of the Internal Revenue Code, relating to application to carryforward of disallowed interest, shall not apply.
(c)The amendments made by Section 13301(b)(3) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 382(k)(1) of the Internal Revenue Code, relating to loss corporation, shall not apply.
Added by Stats. 2025, Ch. 231, Sec. 49. (SB 711) Effective October 1, 2025.
Section 312(k)(3)(B)(ii) of the Internal Revenue Code, relating to special rule for real estate investment trusts, shall not apply.