California Revenue and Taxation Code

§ 23038.5

RTC § 23038.5 Effective May 8, 2002Div. 2 · Part 11 · Ch. 1 · Art. 2

Statute text

(a)Section 7704 of the Internal Revenue Code, relating to certain publicly traded partnerships treated as corporations, shall apply, except as otherwise provided.

(b)(1) Section 7704(a) of the Internal Revenue Code shall not apply to an electing 1987 partnership.

(2)For purposes of this subdivision, the term “electing 1987 partnership” means any publicly traded partnership if all of the following apply:

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Legislative history

Amended by Stats. 2002, Ch. 35, Sec. 34. Effective May 8, 2002.