California Statutes
§ 24912. — 24912. (Amended by Stats. 1997, Ch. 605, Sec. 100.)
California § 24912.
JurisdictionCalifornia
Code RTCRevenue 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
This text of California § 24912. (24912. (Amended by Stats. 1997, Ch. 605, Sec. 100.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Revenue and Taxation Code - RTC Code § 24912. (2026).
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Amended by Stats. 1997, Ch. 605, Sec. 100. Effective January 1, 1998.
Cite This Page — Counsel Stack
Bluebook (online)
California § 24912., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24912..