{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24454","citation":"Rev. & Tax. Code, § 24454","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":"Added by Stats. 2015, Ch. 359, Sec. 35.   (AB 154)   Effective September 30, 2015.   Applicable to taxable years beginning on or after January 1, 2015, as provided in Sec. 41 of Stats. 2015, Ch. 359.","effective":"2015-09-30","html":"<p>Section 304(b)(5)(B) of the Internal Revenue Code, relating to special rule in case of foreign acquiring corporation, shall apply to acquisitions on or after January 1, 2015.</p>","text":"Section 304(b)(5)(B) of the Internal Revenue Code, relating to special rule in case of foreign acquiring corporation, shall apply to acquisitions on or after January 1, 2015.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/corporate-distributions-and-adjustments-24454","source":"California Legislative Information bulk export (pubinfo)"}