{"code":"RTC","codeName":"Revenue and Taxation Code","section":"17856","citation":"Rev. & Tax. Code, § 17856","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 10. PERSONAL INCOME TAX [17001. - 18181.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-10"},{"name":"CHAPTER 10. Partners and Partnerships [17851. - 17859.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-10/chapter-10"}],"history":"Amended by Stats. 2003, Ch. 185, Sec. 14.   Effective January 1, 2004.","effective":"2004-01-01","html":"<p>Section 751(d)(3) of the Internal Revenue Code, relating to appreciated inventory items subject to tax as a gain on foreign investment company stock, does not apply.</p>","text":"Section 751(d)(3) of the Internal Revenue Code, relating to appreciated inventory items subject to tax as a gain on foreign investment company stock, does not apply.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/partners-and-partnerships-17856","source":"California Legislative Information bulk export (pubinfo)"}