Section 24873.

Cal. Revenue and Taxation Code - RTC § 24873.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Section 860F(a) of the Internal Revenue Code, relating to the 100 percent tax on prohibited transactions, shall not apply.

References

referencesCal. Revenue and Taxation Code - RTC § 860F.
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