California Law (Last Updated: March 4, 2014) |
Revenue and Taxation Code - RTC |
Division 2. OTHER TAXES |
Part 11. CORPORATION TAX LAW |
Chapter 7. Net Income |
ARTICLE 3. Items Not Deductible |
Section 24442.5.
Latest version.
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Section 280H of the Internal Revenue Code, relating to limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years, shall apply to taxable years beginning on or after January 1, 1989, except as otherwise provided.
(Amended by Stats. 2000, Ch. 862, Sec. 170. Effective January 1, 2001.)