Cal. Rev. & Tax. Code § 17136

Current through the 2024 Legislative Session.

Section 17136 - Applicability of Section 1078 of Public Law 98-369

Section 1078 of Public Law 98-369 (Tax Reform Act of 1984), relating to exclusions from gross income of payments from the United States Forest Service as a result of restricting motorized traffic in the Boundary Waters Canoe Area, shall apply, with the following exceptions:

(a) Section 1078(f)(2) of that act shall not be applicable.

(b) This section shall be effective only for payments made in taxable years beginning on or after January 1, 1985.

Ca. Rev. and Tax. Code § 17136

Added by Stats. 1985, Ch. 1461, Sec. 14. Effective October 1, 1985.