Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 23253 — Reorganized Corporations
Cal. Rev. & Tax. Code § 23253
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2001-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Section 381(b) of the Internal Revenue Code, relating to operating rules, shall apply in determining the close of the taxable year. If a short period year is required by use of Section 381(b) of the Internal Revenue Code, the transferor’s short year tax shall be computed using the provisions of…
Citator
Cal. Rev. & Tax. Code § 23253 — Reorganized Corporations is in force in the current edition of the Code, and nothing recorded condemns it.
Section 381(b) of the Internal Revenue Code, relating to operating rules, shall apply in determining the close of the taxable year. If a short period year is required by use of Section 381(b) of the Internal Revenue Code, the transferor’s short year tax shall be computed using the provisions of Section 23151.1 for general corporations or Section 23181 for banks and financial corporations.