California Revenue and Taxation Code

§ 17271

RTC § 17271 Effective Oct 1, 2025Div. 2 · Part 10 · Ch. 3 · Art. 6

Statute text

(a)The amendments made to Section 162(m) of the Internal Revenue Code by Section 13601(e)(2) of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), relating to exception for binding contracts, shall apply, and is modified by substituting “March 31, 2019” for “November 2, 2017.”

(b)Section 162(m)(3)(C) of the Internal Revenue Code, relating to covered employee, shall not apply.

Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 41. (SB 711) Effective October 1, 2025.