Code · California · Revenue and Taxation Code

§ 17508.2

65 words·~1 min read·/ca/revenue-and-taxation-code/17508-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.