Revenue and Taxation Code § 24966.1

ARTICLE 4. Special Rules for Basis

Current as of September 28, 2026Rev. & Tax. Code, § 24966.1Official source ↗

Amended by Stats. 1993, Ch. 877, Sec. 85. Effective October 6, 1993.

Section 1059A of the Internal Revenue Code, relating to limitation on taxpayer’s basis or inventory cost in property imported from related persons, shall apply, except as otherwise provided.