California Revenue and Taxation Code

§ 23732

RTC § 23732 Effective Jan 1, 2016Div. 2 · Part 11 · Ch. 4 · Art. 2

Statute text

Section 512 of the Internal Revenue Code, relating to unrelated business taxable income, applies, except as otherwise provided.

(a)Section 512(a)(2) of the Internal Revenue Code, relating to special rule for foreign organizations, does not apply.

(b)Section 512(a)(3) of the Internal Revenue Code, relating to special rules applicable to organizations described in paragraph (7), (9), (17), or (20) of Section 501(c), shall be modified as follows:

…

Legislative history

Amended by Stats. 2015, Ch. 303, Sec. 490. (AB 731) Effective January 1, 2016.