Cal. Revenue and Taxation Code - RTC § 23251. Section 23251.
The term “reorganization,” as used in this chapter, shall have the same meaning as that term is defined in Section 368 of the Internal Revenue Code.
ARTICLE 5. Reorganized Corporations [23251. - 23253.]
Cal. Revenue and Taxation Code - RTC 5.
in effectCal. Revenue and Taxation Code - RTC § 23253. Section 23253.
Section 381(b) of the Internal Revenue Code, relating to operating rules, shall apply in determining the close of the taxable year. If a short period year is required by use of Section 381(b) of the Internal Revenue Code, the transferor’s short year tax shall be computed using the provisions of Section 23151.1 for general corporations or Section 23181 for banks and financial corporations.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026