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DIVISION 2. OTHER TAXES 6001-61050›PART 10. PERSONAL INCOME TAX 17001-18181›CHAPTER 3. Computation of Taxable Income 17071-17307›ARTICLE 2. Items Specifically Included in Gross Income 17081-17091

§ 17087.5

California Revenue and Taxation Code · 2026-09 edition · updated 2026-10-03 · California

(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.

(Amended by Stats. 2025, Ch. 231, Sec. 13. (SB 711) Effective October 1, 2025.)

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California Revenue and Taxation Code

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