{"code":"RTC","codeName":"Revenue and Taxation Code","section":"23049.1","citation":"Rev. & Tax. Code, § 23049.1","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 11. CORPORATION TAX LAW [23001. - 25141.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11"},{"name":"CHAPTER 1. General Provisions and Definitions [23001. - 23060.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-1"},{"name":"ARTICLE 2. Definitions [23030. - 23060.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-1/article-2"}],"history":"Added by Stats. 1991, Ch. 117, Sec. 43.   Effective July 16, 1991.","effective":"1991-07-16","html":"<p>Section 64 of the Internal Revenue Code, relating to the definition of ordinary income, shall apply.</p>","text":"Section 64 of the Internal Revenue Code, relating to the definition of ordinary income, shall apply.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/definitions-23049-1","source":"California Legislative Information bulk export (pubinfo)"}