{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24452","citation":"Rev. & Tax. Code, § 24452","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 8. Corporate Distributions and Adjustments [24451. - 24481.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-8"}],"history":"Amended by Stats. 2026, Ch. 236, Sec. 43.   (SB 1435)   Effective September 14, 2026.   Applicable to taxable years beginning on or after January 1, 2025, provided in Section 46\\nof Stats. 2026, Ch. 236.","effective":"2026-09-14","html":"<p>Section 301(e)(2) of the Internal Revenue Code, relating to 20 percent corporate shareholders, is modified to refer to Section <a href=\"/rtc/24402\">24402</a> in lieu of Sections 243 and 245 of the Internal Revenue Code.</p>","text":"Section 301(e)(2) of the Internal Revenue Code, relating to 20 percent corporate shareholders, is modified to refer to Section 24402 in lieu of Sections 243 and 245 of the Internal Revenue Code.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/corporate-distributions-and-adjustments-24452","source":"California Legislative Information bulk export (pubinfo)"}