{"code":"RTC","codeName":"Revenue and Taxation Code","section":"17321.1","citation":"Rev. & Tax. Code, § 17321.1","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 10. PERSONAL INCOME TAX [17001. - 18181.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-10"},{"name":"CHAPTER 4. Corporate Distributions and Adjustments [17321. - 17324.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-10/chapter-4"}],"history":"Added by Stats. 2025, Ch. 231, Sec. 46.   (SB 711)   Effective October 1, 2025.","effective":"2025-10-01","html":"<p>The amendments to Section 367(a) of the Internal Revenue Code as enacted by Section <a href=\"/rtc/14102\">14102</a> 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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/corporate-distributions-and-adjustments-17321-1","source":"California Legislative Information bulk export (pubinfo)"}