California Statutes
§ 24905. — 24905. (Amended by Stats. 1993, Ch. 877, Sec. 79.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 11. PART 11. CORPORATION TAX LAW·Ch. 15. CHAPTER 15. Gain or Loss on Disposition of Property·Art. 1. ARTICLE 1. Computation of Gain or Loss
(a)Section 988 of the Internal Revenue Code, relating to treatment of certain foreign currency transactions, shall apply, except as otherwise provided.
(b)Section 988(a)(3) of the Internal Revenue Code, relating to source, shall not apply.
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California § 24905. (24905. (Amended by Stats. 1993, Ch. 877, Sec. 79.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1993, Ch. 877, Sec. 79. Effective October 6, 1993.