California Revenue and Taxation Code

§ 18180

RTC § 18180 Effective Jan 1, 2011Div. 2 · Part 10 · Ch. 14

Statute text

(a)Section 7872 of the Internal Revenue Code, relating to treatment of loans with below market interest rates, shall apply, except as otherwise provided.

(b)Section 7872(h) of the Internal Revenue Code, relating to exception for loans to qualified continuing care facilities, shall apply to calendar years beginning on or after January 1, 2010, with respect to loans made before, on, or after that date.

Legislative history

Amended by Stats. 2010, Ch. 14, Sec. 41. (SB 401) Effective January 1, 2011.