California § 17008.5 - Section 7704 of the Internal Revenue Code, relating to certain publicly traded pa
Full text of California Public Contract Code - PCC § 17008.5 — Section 7704 of the Internal Revenue Code, relating to certain publicly traded pa, with citation guidance and answers to common questions.
§ 17008.5. Section 7704 of the Internal Revenue Code, relating to certain publicly traded pa
Section 7704 of the Internal Revenue Code, relating to certain publicly traded partnerships treated as corporations, shall apply, except as otherwise provided. (a) Section 7704(a) of the Internal Revenue Code shall not apply to an electing 1987 partnership, as defined in Section 23038.5, which is subject to the tax imposed by Section 23038.5. (b) The amendment made to this section by Chapter 611 of the Statutes of 1997 shall apply to taxable years beginning on or after January 1, 1998. (c) Section 7704(d) of the Internal Revenue Code, relating to qualifying income, shall apply, except as otherwise provided, without regard to taxable year to the same extent as applicable for federal income tax purposes. (d) The amendment to this section by the act amending this subdivision shall apply to taxable years beginning on or after January 1, 2010.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 17008.5
What does Public Contract Code - PCC § 17008.5 cover?
Section 17008.5 ("Section 7704 of the Internal Revenue Code, relating to certain publicly traded pa") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 17008.5?
A common citation format is "Public Contract Code - PCC § 17008.5" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 17008.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.