California Revenue and Taxation Code

§ 17323

RTC § 17323 Effective Oct 1, 2025Div. 2 · Part 10 · Ch. 4

Statute text

(a)Section 382(n) of the Internal Revenue Code, relating to special rule for certain ownership changes, shall not apply.

(b)Section 382(d)(3) of the Internal Revenue Code, relating to application to carryforward of disallowed interest, shall not apply.

(c)The amendments made by Section 13301(b)(3) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 382(k)(1) of the Internal Revenue Code, relating to loss corporation, shall not apply.

Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 48. (SB 711) Effective October 1, 2025. Applicable to taxable years beginning on or after January 1, 2015, as provided in Sec. 41 of Stats. 2015, Ch. 359.