Cal. Rev. & Tax. Code § 24471.5

Corporate Distributions and Adjustments

Added by Stats. 2025, Ch. 231, Sec. 108

Section 381(c)(20) of the Internal Revenue Code, relating to carryforward of disallowed business interest, 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.