Section 24637 Of Article 1. Accounting Periods From California Revenue And Taxation Code >> Division 2. >> Part 11. >> Chapter 13. >> Article 1.

. For taxable years beginning on or after January 1, 1987, Section 444 of the Internal Revenue Code, relating to election of taxable year other than required taxable year, shall be applicable, except that Section 444(c)(1), relating to effect of election, shall not apply.