California Revenue and Taxation Code

§ 23400

RTC § 23400 Effective Oct 1, 2025Div. 2 · Part 11 · Ch. 2.5

Statute text

(a)For the purpose of this chapter, Part VI of Subchapter A of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to alternative minimum tax, shall apply as it read on January 1, 2015, except as otherwise provided.

(b)A corporation electing under Chapter 4.5 (commencing with Section 23800) to be treated as an “S corporation” shall not be subject to the tax imposed by this chapter.

Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 76. (SB 711) Effective October 1, 2025.