Section 17053.72.1 - [Effective until 12/1/2025] Tentative credit reservation(a) It is the intent of the Legislature to allow qualified small business employers that received a tentative credit reservation under Section 17053.72, as that section read on November 30, 2021, to amend their returns for taxable years beginning on or after January 1, 2020, and before January 1, 2021, to claim the credit allowed under Section 17053.72, as that section read on November 30, 2021.(b) Notwithstanding subdivision (g) of Section 17053.72, as that section read on November 30, 2021, a qualified small business employer that received a tentative credit reservation under Section 17053.72, as that section read on November 30, 2021, for taxable years beginning on or after January 1, 2020, and before January 1, 2021, shall not be required to claim that credit on a timely filed original return.(c) For the purposes of this section, "a qualified small business employer" has the same meaning as defined in Section 17053.72, as that section read on November 30, 2021.(d) This section shall remain in effect only until December 1, 2025, and as of that date is repealed.Ca. Rev. and Tax. Code § 17053.72.1
Added by Stats 2022 ch 55 (AB 194),s 5, eff. 6/30/2022.