California Statutes
§ 24721. — 24721. (Amended by Stats. 2025, Ch. 231, Sec. 115.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 11. PART 11. CORPORATION TAX LAW·Ch. 13. CHAPTER 13. Accounting Periods and Methods of Accounting·Art. 6. ARTICLE 6. Adjustments Required by Changes in Method
(a)Section 481 of the Internal Revenue Code, relating to adjustments required by changes in method of accounting, shall apply, except as otherwise provided.
(b)Section 481(d) of the Internal Revenue Code, relating to adjustments attributable to conversion from “S” corporation to
“C” corporation, shall not apply.
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California § 24721. (24721. (Amended by Stats. 2025, Ch. 231, Sec. 115.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2025, Ch. 231, Sec. 115. (SB 711) Effective October 1, 2025.