California § 24461. 24461. (Added by Stats. 1991, Ch. 117, Sec. 82.)

California Statutes

§ 24461. — 24461. (Added by Stats. 1991, Ch. 117, Sec. 82.)

California § 24461.

JurisdictionCalifornia

Code RTCRevenue and Taxation Code - RTC

Div. 2.DIVISION 2. OTHER TAXES

Part 11.PART 11. CORPORATION TAX LAW

Ch. 8.CHAPTER 8. Corporate Distributions and Adjustments

This text of California § 24461. (24461. (Added by Stats. 1991, Ch. 117, Sec. 82.)) 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.

Bluebook

Cal. Revenue and Taxation Code - RTC Code § 24461. (2026).

Text

(a)For purposes of this part, the provisions of Section 633 of Public Law 99-514, relating to effective dates for recognition of gain and loss on distributions of property in liquidation, shall apply except as otherwise provided.

(b)The provisions of Section 633(e) of Public Law 99-514, relating to other transition rules, shall not apply.

(c)The amendments to Section 633 of Public Law 99-514 made by Section 1006(g)(1) to 1006(g)(8), inclusive, of Public Law 100-647, relating to effective dates for recognition of gain and loss on distributions of property in liquidation, are declaratory of existing law and shall be applied in the same manner and for the same periods as specified in Public Law 100-647.

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(a)
For purposes of this part, the provisions of Section 633 of Public Law 99-514, relating to effective dates for recognition of gain and loss on distributions of property in liquidation, shall apply except as otherwise provided.
(b)
The provisions of Section 633(e) of Public Law 99-514, relating to other transition rules, shall not apply.
(c)
The amendments to Section 633 of Public Law 99-514 made by Section 1006(g)(1) to 1006(g)(8), inclusive, of Public Law 100-647,
relating to effective dates for recognition of gain and loss on distributions of property in liquidation, are declaratory of existing law and shall be applied in the same manner and for the same periods as specified in Public Law 100-647.

Legislative History

Added by Stats. 1991, Ch. 117, Sec. 82. Effective July 16, 1991.

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California § 24461., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24461..