California Revenue and Taxation Code

§ 11923

RTC § 11923 Effective Jan 1, 2010Div. 2 · Part 6.7 · Ch. 3

Statute text

(a)Any tax imposed pursuant to this part shall not apply to the making, delivering, or filing of conveyances to make effective any plan of reorganization or adjustment that is any of the following:

(1)Confirmed under the Federal Bankruptcy Code, as amended.

(2)Approved in an equity receivership proceeding in a court involving a railroad corporation, as defined in Section 101 of Title 11 of the United States Code, as amended.

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Legislative history

Amended by Stats. 2009, Ch. 500, Sec. 59. (AB 1059) Effective January 1, 2010.