{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24456","citation":"Rev. & Tax. Code, § 24456","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. 1991, Ch. 117, Sec. 82.   Effective July 16, 1991.","effective":"1991-07-16","html":"<p>Section 306(f) of the Internal Revenue Code, relating to source of gain, shall not apply.</p>","text":"Section 306(f) of the Internal Revenue Code, relating to source of gain, shall not apply.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/corporate-distributions-and-adjustments-24456","source":"California Legislative Information bulk export (pubinfo)"}