Section 18180 - Applicability of IRC Section 7872(a) Section 7872 of the Internal Revenue Code, relating to treatment of loans with below market interest rates, shall apply, except as otherwise provided.(b) Section 7872(h) of the Internal Revenue Code, relating to exception for loans to qualified continuing care facilities, shall apply to calendar years beginning on or after January 1, 2010, with respect to loans made before, on, or after that date.Ca. Rev. and Tax. Code § 18180
Amended by Stats 2010 ch 14 (SB 401),s 41, eff. 1/1/2011.