California Statutes
§ 24947. — 24947. (Repealed and added by Stats. 1997, Ch. 611, Sec. 98.)
California § 24947.
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. 3.ARTICLE 3. Nontaxable Exchanges
This text of California § 24947. (24947. (Repealed and added by Stats. 1997, Ch. 611, Sec. 98.)) 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 § 24947. (2026).
Text
(a)Section 1033(b) of the Internal Revenue Code, relating to basis of property acquired through involuntary conversion, shall apply, except as otherwise provided.
(b)Section 1033(b)(1) of the Internal Revenue Code is modified by substituting “subdivision (a) of Section 24943” in lieu of “subsection (a)(1).”
(c)Section 1033(b)(2) of the Internal Revenue Code is modified by substituting “subdivision (b) of
Section 24943” in lieu of “subsection (a)(2).”
(d)Section 1033(b)(3) of the Internal Revenue Code is modified by substituting “subdivision (b) of Section 24943” in lieu of “subsection (a)(2)(E).”
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Legislative History
Repealed and added by Stats. 1997, Ch. 611, Sec. 98. Effective October 3, 1997.
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Bluebook (online)
California § 24947., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24947..