Rev. & Tax. Code, § 24452 · Chapter 8. Corporate Distributions and Adjustments
Rev. & Tax. Code, § 24452
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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 and 245 of the Internal Revenue Code.
Notes and commentary — not statutory text
History
Amended by Stats. 2026, Ch. 236, Sec. 43. (SB 1435) Effective September 14, 2026. Applicable to taxable years beginning on or after January 1, 2025, provided in Section 46\nof Stats. 2026, Ch. 236.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24452.
- Text hash
- sha256 65ecc755c6d1b04f5f05117a10228ecea995c4b0fbc0d468e5f0279b32ee2e41
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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