California Revenue and Taxation Code

§ 6902.9

RTC § 6902.9 Effective Jul 16, 2021Div. 2 · Part 1 · Ch. 7 · Art. 1

Statute text

(a)For purposes of this section:

(1)“Converted entity” means a qualified small business employer that changed its business form to a different entity type and continues its operation.

(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 17053.71 or 23628 but for the irrevocable election made pursuant to Section 6902.10.

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Legislative history

Added by Stats. 2021, Ch. 82, Sec. 5. (AB 150) Effective July 16, 2021.