Home/California/Statutes/Code RTC: Revenue and Taxation Code - RTC/Div. 2.: DIVISION 2. OTHER TAXES/Part 10.: PART 10. PERSONAL INCOME TAX/Ch. 4.: CHAPTER 4. Corporate Distributions and Adjustments/§ 17323.
California Statutes

§ 17323. — 17323. (Amended by Stats. 2025, Ch. 231, Sec. 48.)

California § 17323.
JurisdictionCalifornia
Code RTCRevenue and Taxation Code - RTC
Div. 2.DIVISION 2. OTHER TAXES
Part 10.PART 10. PERSONAL INCOME TAX
Ch. 4.CHAPTER 4. Corporate Distributions and Adjustments

This text of California § 17323. (17323. (Amended by Stats. 2025, Ch. 231, Sec. 48.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Revenue and Taxation Code - RTC Code § 17323. (2026).

Text

(a)Section 382(n) of the Internal Revenue Code, relating to special rule for certain ownership changes, shall not apply.
(b)Section 382(d)(3) of the Internal Revenue Code, relating to application to carryforward of disallowed interest, shall not apply.
(c)The amendments made by Section 13301(b)(3) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97) to Section 382(k)(1) of the Internal Revenue Code, relating to loss corporation, shall not apply.

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Legislative History

Amended by Stats. 2025, Ch. 231, Sec. 48. (SB 711) Effective October 1, 2025. Applicable to taxable years beginning on or after January 1, 2015, as provided in Sec. 41 of Stats. 2015, Ch. 359.
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California § 17323., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/17323..