California Statutes
§ 17559. — 17559. (Amended by Stats. 2025, Ch. 231, Sec. 53.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 10. PART 10. PERSONAL INCOME TAX·Ch. 6. CHAPTER 6. Accounting Periods and Methods of Accounting
(a)Section 451(g) of the Internal Revenue Code, relating to special rule for proceeds from livestock sold on account of drought, is modified by substituting the phrase “drought, flood, or other weather-related conditions, and that those conditions” in lieu of the phrase “drought conditions, and that these drought conditions” contained therein.
(b)This section shall apply to sales and exchanges after December 31, 1996.
(c)This section shall not apply to taxable years beginning on or after January 1, 1998.
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California § 17559. (17559. (Amended by Stats. 2025, Ch. 231, Sec. 53.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2025, Ch. 231, Sec. 53. (SB 711) Effective October 1, 2025.