California Statutes
§ 24471. — 24471. (Repealed and added by Stats. 1991, Ch. 117, Sec. 82.)
California·Code RTC Revenue 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
Section 381(c) of the Internal Revenue Code, relating to items of the distributor or transferor corporation, is modified to provide that, in lieu of paragraph (24), relating to credit under Section 38, and paragraph (25), relating to credit under Section 53, the acquiring corporation shall take into account (to the extent proper to carry out the purposes of Section 381 of the Internal Revenue Code) the items required to be taken into account for purposes of each credit allowable under this part with respect to the distributor or transferor corporation.
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California § 24471. (24471. (Repealed and added by Stats. 1991, Ch. 117, Sec. 82.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Repealed and added by Stats. 1991, Ch. 117, Sec. 82. Effective July 16, 1991.