Cal. Rev. & Tax. Code § 24954

Current through the 2023 Legislative Session.

Section 24954 - Applicability of IRC Section 1042

For taxable years beginning on or after January 1, 1995, Section 1042 of the Internal Revenue Code, relating to sales of stock to employee stock ownership plans or certain cooperatives, shall apply, except as otherwise provided.

Ca. Rev. and Tax. Code § 24954

Amended by Stats 2000 ch 862 (AB 1843), s 208, eff. 1/1/2001.