Revenue and Taxation Code section 23732

Section 512 of the Internal Revenue Code, relating to unrelated business taxable income, applies, except as otherwise provided.

(a)

Section 512(a)(2) of the Internal Revenue Code, relating to special rule for foreign organizations, does not apply.

(b)

Section 512(a)(3) of the Internal Revenue Code, relating to special rules applicable to organizations described in paragraph (7), (9), (17), or (20) of Section 501(c), shall be modified as follows:

(1)

The reference to Section 501(c)(7) of the Internal Revenue Code shall be modified to refer to Section 23701g.

(2)

The reference to Section 501(c)(9) of the Internal Revenue Code shall be modified to refer to Section 23701i.

(3)

The reference to Section 501(c)(17) of the Internal Revenue Code shall be modified to refer to Section 23701n.

(4)

The reference to Section 501(c)(20) of the Internal Revenue Code shall be modified to refer to Section 23701q.

(c)

Section 512(d) of the Internal Revenue Code, relating to treatment of dues of agricultural or horticultural organizations, shall be modified by substituting “Section 23701a” for “Section 501(c)(5)” of the Internal Revenue Code.

Source: Section 23732, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=23732.­ (accessed Jun. 2, 2025).

Last Updated

May 12, 2025

§ 23732’s source at ca​.gov