California Revenue and Taxation Code

§ 17859

RTC § 17859 Effective Jul 1, 2019Div. 2 · Part 10 · Ch. 10

Statute text

(a)The amendments made by Section 13504 of the Tax Cuts and Jobs Act (Public Law 115-97) to Section 708 of the Internal Revenue Code, relating to the continuation of a partnership, shall apply, except as otherwise provided.

(b)The amendments made by Section 13504 of the Tax Cuts and Jobs Act (Public Law 115-97) to Section 743(e) of the Internal Revenue Code, relating to alternative rules for electing investment partnerships, shall apply, except as otherwise provided.

(c)The amendments made by Section 13504 of the Tax Cuts and Jobs Act (Public Law 115-97) to Section 168(i)(7)(B) of the Internal Revenue Code, relating to transactions covered, shall apply, except as otherwise provided.

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Legislative history

Added by Stats. 2019, Ch. 39, Sec. 16. (AB 91) Effective July 1, 2019.