Cal. Rev. & Tax. Code § 24427

Current through the 2023 Legislative Session.

Section 24427 - Applicability of IRC Section 267

Section 267 of the Internal Revenue Code, relating to losses, expenses, and interest with respect to transactions between related taxpayers, shall apply, except as otherwise provided.

Ca. Rev. and Tax. Code § 24427

Amended by Stats 2015 ch 359 (AB 154),s 32, eff. 9/30/2015, op. for taxable years beginning on or after 1/1/2015.

Amended by Stats 2011 ch 490 (AB 1423),s 6, eff. 10/5/2011.