Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 17321.1 — Corporate Distributions and Adjustments
Cal. Rev. & Tax. Code § 17321.1
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2025-10-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The amendments to Section 367(a) of the Internal Revenue Code as enacted by Section 14102 of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), relating to repeal of the exception for transfers of certain property used in the active conduct of a trade or business, shall not apply.
Citator
Cal. Rev. & Tax. Code § 17321.1 — Corporate Distributions and Adjustments is in force in the current edition of the Code, and nothing recorded condemns it.
The amendments to Section 367(a) of the Internal Revenue Code as enacted by Section 14102 of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), relating to repeal of the exception for transfers of certain property used in the active conduct of a trade or business, shall not apply.