California Statutes
§ 17087.5. — 17087.5. (Amended by Stats. 2025, Ch. 231, Sec. 13.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 10. PART 10. PERSONAL INCOME TAX·Ch. 3. CHAPTER 3. Computation of Taxable Income·Art. 2. ARTICLE 2. Items Specifically Included in Gross Income
(a)Subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to tax treatment of “S corporations” and their shareholders, shall apply, except as otherwise provided under this part or Part 11 (commencing with Section 23001).
(b)Section 1371(f) of the Internal Revenue Code, relating to cash distributions following post-termination transition period, shall not apply.
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California § 17087.5. (17087.5. (Amended by Stats. 2025, Ch. 231, Sec. 13.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2025, Ch. 231, Sec. 13. (SB 711) Effective October 1, 2025.