{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24272.2","citation":"Rev. & Tax. Code, § 24272.2","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 6. Gross Income [24271. - 24329.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-6"},{"name":"ARTICLE 1. Definitions [24271. - 24276.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-6/article-1"}],"history":"Added by Stats. 1987, Ch. 1139, Sec. 58.   Effective September 25, 1987.   Applicable to income years beginning on or after January 1, 1987, by Sec. 241 of Ch. 1139.","effective":"1987-09-25","html":"<p>The provisions of Section <a href=\"/rtc/72\">72</a>(u) of the Internal Revenue Code, relating to the treatment of annuity contracts not held by natural persons, shall be applicable.</p>","text":"The provisions of Section 72(u) of the Internal Revenue Code, relating to the treatment of annuity contracts not held by natural persons, shall be applicable.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/definitions-24272-2","source":"California Legislative Information bulk export (pubinfo)"}