California Revenue and Taxation Code

§ 19912

RTC § 19912 Effective Jun 27, 2025Div. 2 · Part 10.4.1

Statute text

(a)For purposes of this part, “qualified entity” means an entity that meets both of the following requirements for the taxable year:

(1)The entity is taxed as a partnership or “S” corporation.

(2)The entity’s partners, shareholders, or members in that taxable year are exclusively corporations, as defined in Section 23038, or taxpayers as defined in Section 17004.

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Legislative history

Added by Stats. 2025, Ch. 17, Sec. 17. (SB 132) Effective June 27, 2025. Conditionally operative pursuant to Section 19916. Conditionally repealed pursuant to Section 19916.