Important Service Announcement: Based on user feedback we are not shutting down the TaxAlmanac.org website however the site is now an archived version as of June 2014. While all of the existing discussion threads and commentary will be preserved you will no longer be able to edit content, post to forums or create additional logins.

CA - IRC Conformity Date

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

CA – IRC Conformity Date

State Tax conformity means that a state “conforms” or abides by the federal tax code as it relates to tax concepts and definitions of income. This is applicable to both businesses and individuals.

Most states conform in some manner, but to varying degrees. There is automatic or “moving date” conformity, which means that changes in federal tax law automatically apply to the state tax code as they occur. Another scenario is “fixed date” conformity, meaning that a state conforms to the federal code as it existed on a certain date. For example, if a state conformed as of January 1, 2001 it would mean that the state does not automatically incorporate federal tax law changes occurring after that date.

California is a “fixed date” conformity state. Currently this “fixed date” is January 1st, 2005. Cal. Assembly Bill 115, signed by Gov. Schwarzenegger on 10/7/2005.

Retrieved from "http://www.taxalmanac.org/index.php/CA_-_IRC_Conformity_Date"
Personal tools