California Legal Codes and Statutes

§ 24993

Amended by Stats. 2010, Ch. 14, Sec. 85. (SB 401) Effective January 1, 2011.
(a)Section 7872 of the Internal Revenue Code, relating to the treatment of loans with below market interest rates, shall apply, except as otherwise provided.
(b)Section 7872(h) of the Internal Revenue Code, relating to exception for loans to qualified continuing care facilities, shall apply to calendar years beginning on or after

January 1, 2010, with respect to loans made before, on, or after that date.

Cite this section

Cal. Rev. & Tax. Code § 24993 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-15-gain-or-loss-on-disposition-of-property/article-4-5-capital-gains-and-losses/section-24993

Other sections in Article 4.5 - Capital Gains and Losses

§ 24990§ 24990.1§ 24990.2§ 24990.4§ 24990.5§ 24990.6§ 24990.7§ 24990.8§ 24990.9§ 24991§ 24993§ 24995

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 16, 2026.