California Revenue and Taxation Code

§ 24990.7

RTC § 24990.7 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 15 · Art. 4.5

Statute text

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.

Legislative history

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