California Revenue and Taxation Code

§ 24995

RTC § 24995 Effective Sep 28, 1988Div. 2 · Part 11 · Ch. 15 · Art. 4.5

Statute text

The provisions of Part VI of Subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to treatment of certain passive foreign investment companies, shall not be applicable.

Legislative history

Added by Stats. 1988, Ch. 1465, Sec. 56. Effective September 28, 1988. Applicable to income years beginning on or after January 1, 1988, by Sec. 77 of Ch. 1465.