Current as of September 28, 2026Rev. & Tax. Code, § 24661.5Official source ↗
Amended by Stats. 2025, Ch. 231, Sec. 111. (SB 711) Effective October 1, 2025.
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.