{"code":"RTC","codeName":"Revenue and Taxation Code","section":"23804","citation":"Rev. & Tax. Code, § 23804","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 4.5. Tax Treatment of S Corporations and Their Shareholders [23800. - 23813.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-4.5"}],"history":"Amended by Stats. 2003, Ch. 268, Sec. 10.   Effective January 1, 2004.","effective":"2004-01-01","html":"<p>Section <a href=\"/rtc/1367\">1367</a>(b)(4) of the Internal Revenue Code, relating to adjustments in case of inherited stock, shall apply for decedents dying after December 31, 1996.</p>","text":"Section 1367(b)(4) of the Internal Revenue Code, relating to adjustments in case of inherited stock, shall apply for decedents dying after December 31, 1996.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/tax-treatment-of-s-corporations-and-their-shareholders-23804","source":"California Legislative Information bulk export (pubinfo)"}