Revenue and Taxation Code section 17755

For taxable years beginning on or after January 1, 2014, Section 664(c)(2) of the Internal Revenue Code, relating to excise tax, shall not apply and, in lieu thereof, the unrelated business taxable income, as defined in Section 23732, of every charitable remainder annuity trust or charitable remainder unitrust shall be subject to tax under Section 17651.

Source: Section 17755, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=17755.­ (updated Jan. 1, 2015; accessed Aug. 4, 2025).

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Verified:
Aug. 4, 2025

§ 17755's source at ca​.gov