Section 24472 Of Chapter 8. Corporate Distributions And Adjustments From California Revenue And Taxation Code >> Division 2. >> Part 11. >> Chapter 8.

. The amendments to Section 382 of the Internal Revenue Code made by Section 13226 of the Revenue Reconciliation Act of 1993 (P.L. 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.