Revenue and Taxation Code § 17855

CHAPTER 10. Partners and Partnerships

Current as of September 28, 2026Rev. & Tax. Code, § 17855Official source ↗

Repealed and added by Stats. 1983, Ch. 488, Sec. 61. Effective July 28, 1983.

The term “unrealized receivables,” as defined by Section 751(c) of the Internal Revenue Code, shall not include any of the following:

(a) Stock in certain foreign corporations, as described in Section 1248 of the Internal Revenue Code.

(b) Oil, gas, or geothermal property, described in Section 1254 of the Internal Revenue Code.