California Revenue and Taxation Code

§ 19902

RTC § 19902 Effective Feb 9, 2022Div. 2 · Part 10.4

Statute text

(a)For purposes of this part, “qualified entity” means an entity that meets both of the following requirements for the taxable year:

(1)The entity is taxed as a partnership or “S” corporation.

(2)The entity’s partners, shareholders, or members in that taxable year are exclusively corporations, as defined in Section 23038, or taxpayers as defined in Section 17004.

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Legislative history

Amended by Stats. 2022, Ch. 3, Sec. 15. (SB 113) Effective February 9, 2022. Conditionally inoperative pursuant to Section 19906. Repealed on or before December 1, 2026, pursuant to Section 19906.