California Revenue and Taxation Code

§ 17560

RTC § 17560 Effective Sep 23, 2002Div. 2 · Part 10 · Ch. 6

Statute text

(a)The provisions of Sections 811(c)(4), 811(c)(6), and 811(c)(7) of Public Law 99-514, as modified by Section 1008(f) of Public Law 100-647, shall apply.

(b)The provisions of Section 812 of Public Law 99-514, relating to the disallowance of use of installment method for certain obligations as modified by Section 1008(g) of Public Law 100-647, shall apply to taxable years beginning on or after January 1, 1987.

(c)The repeal of Section 453C of the Internal Revenue Code by Section 10202(a) of Public Law 100-203, relating to repeal of the proportionate disallowance of the installment method, shall apply to dispositions in taxable years beginning on or after January 1, 1990.

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Legislative history

Amended by Stats. 2002, Ch. 807, Sec. 8. Effective September 23, 2002.