California Revenue and Taxation Code

§ 17561

RTC § 17561 Effective Jul 31, 2019Div. 2 · Part 10 · Ch. 6

(a)Section 469(c)(7) of the Internal Revenue Code, relating to special rules for taxpayers in real property business, shall not apply.

(b)Section 469(d)(2) of the Internal Revenue Code, relating to passive activity credits, is modified to refer to the following credits:

(1)The credit for research expenses allowed by Section 17052.12.

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Legislative history

Amended by Stats. 2019, Ch. 159, Sec. 25. (AB 101) Effective July 31, 2019.