California § 17509.5 - For taxable years beginning on or after January 1, 2026, Section 530A of the Inte
Full text of California Public Contract Code - PCC § 17509.5 — For taxable years beginning on or after January 1, 2026, Section 530A of the Inte, with citation guidance and answers to common questions.
§ 17509.5. For taxable years beginning on or after January 1, 2026, Section 530A of the Inte
(a) For taxable years beginning on or after January 1, 2026, Section 530A of the Internal Revenue Code, relating to 530A accounts, added by Section 70204(a)(1) of Public Law 119-21, shall apply, except as otherwise provided. (b) The amount of the additional tax imposed under Section 530A(d)(2) of the Internal Revenue Code, relating to tax treatment of allowable distributions, as applicable for federal income tax purposes for the same taxable year, shall be computed using a rate of 2.5 percent in lieu of the rate provided in that section. (c) Section 530A(d)(5)(C) of the Internal Revenue Code, relating to distributions of excess contributions, shall not apply. (d) Section 530A(g) of the Internal Revenue Code, relating to trustee selection, shall not apply. (e) A copy of the report required to be filed with the Secretary of the Treasury under Section 530A(i) of the Internal Revenue Code, relating to reports, shall be filed with the Franchise Tax Board at the same time and in the same manner as specified in that section.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 17509.5
What does Public Contract Code - PCC § 17509.5 cover?
Section 17509.5 ("For taxable years beginning on or after January 1, 2026, Section 530A of the Inte") 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 § 17509.5?
A common citation format is "Public Contract Code - PCC § 17509.5" (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 § 17509.5 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.