{"code":"RTC","codeName":"Revenue and Taxation Code","section":"23045.1","citation":"Rev. & Tax. Code, § 23045.1","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 11. CORPORATION TAX LAW [23001. - 25141.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11"},{"name":"CHAPTER 1. General Provisions and Definitions [23001. - 23060.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-1"},{"name":"ARTICLE 2. Definitions [23030. - 23060.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-1/article-2"}],"history":"Added by Stats. 1987, Ch. 1139, Sec. 8.   Effective September 25, 1987.   Applicable to income years beginning on or after January 1, 1987, by Sec. 241 of Ch. 1139.","effective":"1987-09-25","html":"<p>For purposes of this part, the term “substituted basis property” has the same meaning given that term by Section <a href=\"/rtc/7701\">7701</a>(a)(42) of the Internal Revenue Code.</p>","text":"For purposes of this part, the term “substituted basis property” has the same meaning given that term by Section 7701(a)(42) of the Internal Revenue Code.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/definitions-23045-1","source":"California Legislative Information bulk export (pubinfo)"}