BlackletterCalifornia law

Revenue and Taxation Code § 17321.1

CHAPTER 4. Corporate Distributions and Adjustments

Current as of September 28, 2026Rev. & Tax. Code, § 17321.1Official source ↗

Added by Stats. 2025, Ch. 231, Sec. 46. (SB 711) Effective October 1, 2025.

The amendments to Section 367(a) of the Internal Revenue Code as enacted by Section 14102 of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), relating to repeal of the exception for transfers of certain property used in the active conduct of a trade or business, shall not apply.