California Statutes
§ 24912. — 24912. (Amended by Stats. 1997, Ch. 605, Sec. 100.)
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. 2. ARTICLE 2. Basis for Computation of Gain or Loss
The basis of property shall be the cost of the property, except as otherwise provided in Chapter 8 (commencing with Section 24451), relating to corporate distributions and adjustments, and this chapter. The cost of real property shall not include any amount in respect of real property taxes which are treated under Section 24346 as imposed on a corporation.
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California § 24912. (24912. (Amended by Stats. 1997, Ch. 605, Sec. 100.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1997, Ch. 605, Sec. 100. Effective January 1, 1998.