California Revenue and Taxation Code

§ 24427

RTC § 24427 Effective Sep 30, 2015Div. 2 · Part 11 · Ch. 7 · Art. 3

Statute text

Section 267 of the Internal Revenue Code, relating to losses, expenses, and interest with respect to transactions between related taxpayers, shall apply, except as otherwise provided.

Legislative history

Amended by Stats. 2015, Ch. 359, Sec. 32. (AB 154) Effective September 30, 2015. Applicable to taxable years beginning on or after January 1, 2015, as provided in Sec. 41 of Stats. 2015, Ch. 359.