Rev. & Tax. Code, § 24721 · Article 6. Adjustments Required by Changes in Method
Rev. & Tax. Code, § 24721
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Section 481 of the Internal Revenue Code, relating to adjustments required by changes in method of accounting, shall apply, except as otherwise provided.
(b) Section 481(d) of the Internal Revenue Code, relating to adjustments attributable to conversion from “S” corporation to “C” corporation, shall not apply.
Notes and commentary — not statutory text
History
Amended by Stats. 2025, Ch. 231, Sec. 115. (SB 711) Effective October 1, 2025.
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=24721.
- Text hash
- sha256 e28edc68d9ee779b1e95f14a81e7aa43f94b3d27f6ed7954f8849bed1f03bce9
- Composed by
- 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
Cited by 7 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 24721. Each shows the citation as that text prints it.
Revenue and Taxation Code
- Rev. & Tax. Code, § 24422.3Printed as Section 24721
- Rev. & Tax. Code, § 24652Printed as Section 24721
- Rev. & Tax. Code, § 24652.6Printed as Section 24721
- Rev. & Tax. Code, § 24654Printed as Section 24721
- Rev. & Tax. Code, § 24673.2Printed as Section 24721
- Rev. & Tax. Code, § 24676.5Printed as Section 24721 | Sections 24721 through 24725
- Rev. & Tax. Code, § 24701Printed as Section 24721
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.