California Revenue & Taxation Code
Cal. Rev. & Tax. Code § 24721
Official textleginfo.legislature.ca.govlast amended
# (a)
Section 481 of the Internal Revenue Code, relating to adjustments required by changes in method of accounting, shall apply, except as otherwise provided.
# (b)
Section 481(d) of the Internal Revenue Code, relating to adjustments attributable to conversion from “S” corporation to “C” corporation, shall not apply.
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