Section 24454.1.

Cal. Revenue and Taxation Code - RTC § 24454.1.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The amendments to Section 367(a) of the Internal Revenue Code as enacted by Section 14102 of the Tax Cuts and Jobs Act, 2017 (Public Law 115-97), relating to repeal of the exception for transfers of certain property used in the active conduct of a trade or business, shall not apply.

References

referencesCal. Revenue and Taxation Code - RTC § 367.
referencesCal. Revenue and Taxation Code - RTC § 14102.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements