California Revenue and Taxation Code CHAPTER 14.5 - Regulated Investment Companies, Real Estate Investment Trusts, Real Estate Mortgage Investment Conduits, and Financial Asset Securitization Investment Trusts

• Section 24870.
  Subchapter M of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to regulated investment companies and real estate investment trusts, shall apply,...
• Section 24871.
  (a) (1) Section 852(b)(1) of the Internal Revenue Code, relating to imposition of tax on regulated investment companies, shall not apply.(2) Every regulated investment company shall be subject...
• Section 24872.
  (a) A real estate investment trust shall be deemed to have satisfied the distribution requirements of Section 857(a)(1) of the Internal Revenue Code for purposes of...
• Section 24872.4.
  (a) Section 856(d)(7)(C)(ii) of the Internal Revenue Code is modified by substituting the phrase “if received by an organization described in subdivision (b) of Section 17651...
• Section 24872.6.
  (a) A corporation, trust, or association that is a real estate investment trust for any taxable year for federal purposes under Part II (commencing with Section...
• Section 24872.7.
  (a) (1) (A) Whenever a penalty is imposed for federal purposes under Section 857(f)(2)(A) or (B) of the Internal Revenue Code, whichever is applicable, it shall be deemed...
• Section 24873.
  Section 860F(a) of the Internal Revenue Code, relating to the 100 percent tax on prohibited transactions, shall not apply.(Added by Stats. 1992, Ch. 698, Sec....
• Section 24874.
  A real estate mortgage investment conduit (REMIC) shall be subject to the minimum franchise tax imposed under Section 23153.(Added by Stats. 1992, Ch. 698, Sec....
• Section 24875.
  (a) A financial asset securitization investment trust (FASIT) shall be subject to the minimum franchise tax imposed under Section 23153.(b) For purposes of Chapter 4 of Part...

Last modified: October 22, 2018