Cal. Rev. & Tax. Code § 17323
Corporate Distributions and Adjustments
Redline — January 1, 2015 → current.View current text →
Current — January 1, 2025
As of January 1, 2015
Section 382(n) of the Internal Revenue Code, relating to special rule for certain ownership changes, shall not apply.
(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.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.