BlackletterCalifornia law

Revenue and Taxation Code § 24990.7

ARTICLE 4.5. Capital Gains and Losses

Current as of September 28, 2026Rev. & Tax. Code, § 24990.7Official source ↗

Amended by Stats. 2000, Ch. 862, Sec. 212. Effective January 1, 2001.

The provisions of Section 1248 of the Internal Revenue Code, relating to gain from certain sales or exchanges of stock in certain foreign corporations, shall not apply to transactions occurring after August 20, 1990, in taxable years beginning on or after January 1, 1990.