Cal. Rev. & Tax. Code § 24459

Corporate Distributions and Adjustments

Showing this section's text as in effect on January 1, 2015 (in force January 1, 2015 – January 1, 2025). View current text →

Section 382(n) of the Internal Revenue Code, relating to special rule for certain ownership changes, 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.

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Jan 1, 2025 – presentcurrent
California codes as of 2025 (PUBINFO current snapshot)
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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.
Jan 1, 2015 – Jan 1, 2025viewing
California codes as of 2015 (PUBINFO archive)
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Added by Stats. 2015, Ch. 359, Sec. 36. Effective September 30, 2015. Applicable to taxable years beginning on or after January 1, 2015, as provided in Sec. 41 of Stats. 2015, Ch. 359.

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