Home/California/Statutes/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. 3.: ARTICLE 3. Nontaxable Exchanges/§ 24948.
California Statutes

§ 24948. — 24948. (Added by Stats. 1961, Ch. 846.)

California § 24948.
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 § 24948. (24948. (Added by Stats. 1961, Ch. 846.)) 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 § 24948. (2026).

Text

For purposes of this part, if property lying within an irrigation project is sold or otherwise disposed of in order to conform to the acreage limitation provisions of federal reclamation laws, such sale or disposition shall be treated as an involuntary conversion to which Sections 24943 to 24949, inclusive, apply.

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Legislative History

Added by Stats. 1961, Ch. 846.
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California § 24948., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24948..