Cal. Rev. & Tax. Code § 17508.2

Current through the 2024 Legislative Session.

Section 17508.2 - Modification of IRC Section 409A

For taxable years beginning on or after January 1, 2013, Section 409A of the Internal Revenue Code is modified as follows:

(a) By substituting the phrase "five percent" in lieu of the phrase "20 percent" in Section 409A(a)(1)(B)(i)(II) of the Internal Revenue Code.

(b) By substituting the phrase "five percent" in lieu of the phrase "20 percent" in Section 409A(b)(5)(A)(ii) of the Internal Revenue Code.

Ca. Rev. and Tax. Code § 17508.2

Added by Stats 2013 ch 536 (AB 1173),s 1, eff. 1/1/2014.