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Earlier editions: 2020-112018-112026-09

DIVISION 2. OTHER TAXES 6001-61050›PART 11. CORPORATION TAX LAW 23001-25141›CHAPTER 8. Corporate Distributions and Adjustments 24451-24481

§ 24454.1

California Revenue and Taxation Code · 2026-10 edition · updated 2026-10-04 · California

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.

(Added by Stats. 2025, Ch. 231, Sec. 103. (SB 711) Effective October 1, 2025.)

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California Revenue and Taxation Code

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