California Revenue and Taxation Code

§ 17752

RTC § 17752 Effective Aug 20, 1998Div. 2 · Part 10 · Ch. 9

Statute text

Section 663 of the Internal Revenue Code, relating to special rules applicable to Sections 661 and 662, is modified as follows:

(a)Section 663(b) of the Internal Revenue Code, relating to distributions in the first 65 days of the taxable year, is modified as follows:

(1)An election under Section 663(b) of the Internal Revenue Code for federal purposes shall be treated for purposes of this part as an election made by the executor of the estate or the fiduciary of the trust, as the case may be, under Section 663(b) of the Internal Revenue Code for state purposes and a separate election under paragraph (3) of subdivision (e) of Section 17024.5 shall not be allowed.

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Legislative history

Added by Stats. 1998, Ch. 322, Sec. 34. Effective August 20, 1998.