California § 24918 - Section 1017 of the Internal Revenue Code, relating to discharge of indebtedness,
Full text of California Public Contract Code - PCC § 24918 — Section 1017 of the Internal Revenue Code, relating to discharge of indebtedness,, with citation guidance and answers to common questions.
§ 24918. Section 1017 of the Internal Revenue Code, relating to discharge of indebtedness,
(a) Section 1017 of the Internal Revenue Code, relating to discharge of indebtedness, shall apply, except as otherwise provided. References to affiliated groups which file a consolidated return under Section 1501 of the Internal Revenue Code shall be treated as meaning members of the same unitary group which file a combined report under Article 1 (commencing with Section 25101) of Chapter 17. (b) The amendments to Section 1017 of the Internal Revenue Code made by Section 13150 of the Revenue and Reconciliation Act of 1993 (Public Law 103-66), relating to modifications of discharge of indebtedness provisions, shall apply to discharges occurring on or after January 1, 1996, in taxable years beginning on or after January 1, 1996.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24918
What does Public Contract Code - PCC § 24918 cover?
Section 24918 ("Section 1017 of the Internal Revenue Code, relating to discharge of indebtedness,") 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 § 24918?
A common citation format is "Public Contract Code - PCC § 24918" (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 § 24918 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.