California § 24471 - Section 381(c) of the Internal Revenue Code, relating to items of the distributor
Full text of California Public Contract Code - PCC § 24471 — Section 381(c) of the Internal Revenue Code, relating to items of the distributor, with citation guidance and answers to common questions.
§ 24471. Section 381(c) of the Internal Revenue Code, relating to items of the distributor
Section 381(c) of the Internal Revenue Code, relating to items of the distributor or transferor corporation, is modified to provide that, in lieu of paragraph (24), relating to credit under Section 38, and paragraph (25), relating to credit under Section 53, the acquiring corporation shall take into account (to the extent proper to carry out the purposes of Section 381 of the Internal Revenue Code) the items required to be taken into account for purposes of each credit allowable under this part with respect to the distributor or transferor corporation.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24471
What does Public Contract Code - PCC § 24471 cover?
Section 24471 ("Section 381(c) of the Internal Revenue Code, relating to items of the distributor") 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 § 24471?
A common citation format is "Public Contract Code - PCC § 24471" (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 § 24471 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.