California Revenue and Taxation Code

§ 6902.7

RTC § 6902.7 Effective Jul 16, 2021Div. 2 · Part 1 · Ch. 7 · Art. 1

Statute text

(a)For purposes of this section:

(1)“Qualified small business employer” means a person that is a qualified small business employer within the meaning of paragraph (3) of subdivision (b) of Section 17053.72 or paragraph (3) of subdivision (b) of Section 23627.

(2)“Credit amount” means an amount equal to the credit amount that would otherwise be allowed to a qualified small business employer pursuant to Section 17053.72 or 23627, but for the irrevocable election made pursuant to Section 6902.8.

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Legislative history

Amended by Stats. 2021, Ch. 82, Sec. 4. (AB 150) Effective July 16, 2021.