Section 24956 - Applicability of IRC Section 1044(a) Section 1044 of the Internal Revenue Code, relating to rollover of publicly traded securities gain into specialized small business investment companies, shall apply, except as otherwise provided.(b) The provisions of Section 1044 of the Internal Revenue Code, relating to rollover of publicly traded securities gain into specialized small business investment companies, shall not apply to any taxable year (or portion thereof) that those provisions (or similar provisions) are not applicable for federal income tax purposes.Ca. Rev. and Tax. Code § 24956
Amended by Stats 2000 ch 862 (AB 1843), s 210, eff. 1/1/2001.