California Revenue and Taxation Code

§ 23800.5

RTC § 23800.5 Effective Jan 1, 2004Div. 2 · Part 11 · Ch. 4.5

(a)Section 1361(b)(3) of the Internal Revenue Code, relating to treatment of certain wholly owned subsidiaries, is modified as follows:

(1)For purposes of Part 10 (commencing with Section 17001), Part 10.2 (commencing with Section 18401), and this part:

(A)Section 1361(b)(3)(A)(i) of the Internal Revenue Code shall apply, except as provided in subparagraph (B).

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Legislative history

Amended by Stats. 2003, Ch. 268, Sec. 5. Effective January 1, 2004.