California Revenue and Taxation Code

§ 17321.1

RTC § 17321.1 Effective Oct 1, 2025Div. 2 · Part 10 · Ch. 4

Statute text

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.

Legislative history

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