California Legal Codes and Statutes

§ 24459

Amended by Stats. 2025, Ch. 231, Sec. 105. (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.

Cite this section

Cal. Rev. & Tax. Code § 24459 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-8-corporate-distributions-and-adjustments/section-24459

Other sections in Chapter 8 - Corporate Distributions and Adjustments

§ 24451§ 24451.1§ 24452§ 24453§ 24454§ 24454.1§ 24455§ 24456§ 24457§ 24458§ 24459§ 24461§ 24465§ 24471§ 24471.5§ 24472§ 24473§ 24481

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.