Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24459 — Corporate Distributions and Adjustments
Cal. Rev. & Tax. Code § 24459
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2025-10-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Section 382(n) of the Internal Revenue Code, relating to special rule for certain ownership changes, shall not apply.
Citator
Cal. Rev. & Tax. Code § 24459 — Corporate Distributions and Adjustments is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Section 382(n) of the Internal Revenue Code, relating to special rule for certain ownership changes, shall not apply.
(b) Section 382(d)(3) of the Internal Revenue Code, relating to application to carryforward of disallowed interest, shall not apply.
(c) The amendments made by Section 13301(b)(3) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 382(k)(1) of the Internal Revenue Code, relating to loss corporation, shall not apply.