24637. For taxable years beginning on or after January 1, 1987, Section 444 of the Internal Revenue Code, relating to election of taxable year other than required taxable year, shall be applicable, except that Section 444(c)(1), relating to effect of election, shall not apply.
(Amended by Stats. 2000, Ch. 862, Sec. 180. Effective January 1, 2001.)
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