California Revenue and Taxation Code CHAPTER 8 - Corporate Distributions and Adjustments

• Section 24451.
  Subchapter C of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to corporate distributions and adjustments, shall apply, except as otherwise provided.(Amended...
• Section 24452.
  Section 301(e)(2) of the Internal Revenue Code, relating to 20 percent corporate shareholders, is modified to refer to Section 24402 in lieu of Sections 243,...
• Section 24453.
  Section 302(c)(2) of the Internal Revenue Code, relating to determining termination of interest, is modified to refer to the periods of limitation provided in “Chapter...
• Section 24454.
  Section 304(b)(5)(B) of the Internal Revenue Code, relating to special rule in case of foreign acquiring corporation, shall apply to acquisitions on or after January...
• Section 24455.
  (a) The Franchise Tax Board may include in the gross income of the taxpayer (or a member of the taxpayer’s combined reporting group) in that taxable...
• Section 24456.
  Section 306(f) of the Internal Revenue Code, relating to source of gain, shall not apply.(Added by Stats. 1991, Ch. 117, Sec. 82. Effective July 16,
• Section 24458.
  Internal Revenue Service Notice 2008-83, 2008-42 I.R.B. 905, issued on October 20, 2008, relating to the treatment of deductions under Section 382(h) of the Internal...
• Section 24459.
  Section 382(n) of the Internal Revenue Code, relating to special rule for certain ownership changes, shall not apply.(Added by Stats. 2015, Ch. 359, Sec. 36....
• Section 24461.
  (a) For purposes of this part, the provisions of Section 633 of Public Law 99-514, relating to effective dates for recognition of gain and loss on...
• Section 24462.
  (a) Section 355 of the Internal Revenue Code, as in effect for federal income tax purposes as of January 1, 2010, shall apply to distributions made...
• Section 24465.
  (a) (1) If, in connection with any exchange described in Section 332, 351, 354, 356, or 361 of the Internal Revenue Code, a taxpayer transfers property to...
• Section 24471.
  Section 381(c) of the Internal Revenue Code, relating to items of the distributor or transferor corporation, is modified to provide that, in lieu of paragraph...
• Section 24472.
  The amendments to Section 382 of the Internal Revenue Code made by Section 13226 of the Revenue Reconciliation Act of 1993 (P.L. 103-66), relating to...
• Section 24473.
  Notwithstanding any other provision of law, the contribution or other transfer of the assets of a mutual water company established prior to September 26, 1977,...
• Section 24481.
  Section 383 of the Internal Revenue Code, relating to special limitations on certain excess credits, etc., is modified to apply to credits allowable under Chapter...

Last modified: October 22, 2018