2016 California Code
Revenue and Taxation Code - RTC
DIVISION 2 - OTHER TAXES
PART 10 - PERSONAL INCOME TAX
CHAPTER 5 - Deferred Compensation
Section 17508.2.
17508.2. For taxable years beginning on or after January 1, 2013, Section 409A of the Internal Revenue Code is modified as follows:
(a) By substituting the phrase five percent in lieu of the phrase 20 percent in Section 409A(a)(1)(B)(i)(II) of the Internal Revenue Code.
(b) By substituting the phrase five percent in lieu of the phrase 20 percent in Section 409A(b)(5)(A)(ii) of the Internal Revenue Code.
(Added by Stats. 2013, Ch. 536, Sec. 1. Effective January 1, 2014.)
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