Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 17087.5 — Items Specifically Included in Gross Income
Cal. Rev. & Tax. Code § 17087.5
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2025-10-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to tax treatment of “S corporations” and their shareholders, shall apply, except as otherwise provided under this part or Part 11 (commencing with Section 23001).
Citator
Cal. Rev. & Tax. Code § 17087.5 — Items Specifically Included in Gross Income is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to tax treatment of “S corporations” and their shareholders, shall apply, except as otherwise provided under this part or Part 11 (commencing with Section 23001).
(b) Section 1371(f) of the Internal Revenue Code, relating to cash distributions following post-termination transition period, shall not apply.