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AB 1

  • California Assembly Bill
  • 2009-2010, 1st Special Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Taxation: corporate reorganizations: built-in losses.


The Corporation Tax Law, in specified conformity to federal income tax laws, imposes certain limitations on the use of built-in losses in conjunction with corporate reorganizations. This bill would clarify that a specified federal administrative notice relating to those limitations does not apply for purposes of California law. The California Constitution authorizes the Governor to declare a fiscal emergency and to call the Legislature into special session for that purpose. The Governor issued a proclamation declaring a fiscal emergency, and calling a special session for this purpose, on December 1, 2008. This bill would state that it addresses the fiscal emergency declared by the Governor by proclamation issued on December 1, 2008, pursuant to the California Constitution. This bill would declare that it is to take effect immediately as an urgency statute.

Bill Sponsors (1)

Charles Calderon



No votes to display


Dec 18, 2008


Died at Desk.

Dec 09, 2008


From printer.

Dec 08, 2008


Read first time. To print.

Bill Text

Bill Text Versions Format
12/08/08 - Introduced PDF

Related Documents

Document Format
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