{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24661.5","citation":"Rev. & Tax. Code, § 24661.5","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 13. Accounting Periods and Methods of Accounting [24631. - 24726.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-13"},{"name":"ARTICLE 3. Year of Inclusion [24661. - 24679.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-13/article-3"}],"history":"Amended by Stats. 2025, Ch. 231, Sec. 111.   (SB 711)   Effective October 1, 2025.","effective":"2025-10-01","html":"<p>Section <a href=\"/rtc/451\">451</a>(g)(3) of the Internal Revenue Code, relating to special election rule, is modified by substituting the phrase “subdivision (b) of Section <a href=\"/rtc/24949.1\">24949.1</a>” in lieu of the phrase “section 1033(e)(2)” contained therein.</p>","text":"Section 451(g)(3) of the Internal Revenue Code, relating to special election rule, is modified by substituting the phrase “subdivision (b) of Section 24949.1” in lieu of the phrase “section 1033(e)(2)” contained therein.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/year-of-inclusion-24661-5","source":"California Legislative Information bulk export (pubinfo)"}