California Revenue and Taxation Code

§ 24458

RTC § 24458 Effective Oct 11, 2009Div. 2 · Part 11 · Ch. 8

Statute text

Internal Revenue Service Notice 2008-83, 2008-42 I.R.B. 905, issued on October 20, 2008, relating to the treatment of deductions under Section 382(h) of the Internal Revenue Code following an ownership change, shall not be applicable for purposes of taxes imposed under Part 11 (commencing with Section 23001) of Division 2, of this code with respect to any ownership change occurring at any time.

Legislative history

Added by Stats. 2009, Ch. 401, Sec. 1. (AB 11) Effective October 11, 2009.