California Statutes
§ 24963. — 24963. (Added by Stats. 1955, Ch. 938.)
California § 24963.
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. 4.ARTICLE 4. Special Rules for Basis
This text of California § 24963. (24963. (Added by Stats. 1955, Ch. 938.)) 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 § 24963. (2026).
Text
In the case of property acquired before March 1, 1913, if the basis otherwise determined under this part, adjusted (for the period before March 1, 1913) as provided in Section 24916, is less than the fair market value of the property as of March 1, 1913, then the basis for determining gain shall be such fair market value. In determining the fair market value of stock in a corporation as of March 1, 1913, due regard shall be given to the fair market value of the assets of the corporation as of that date.
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Legislative History
Added by Stats. 1955, Ch. 938.
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Bluebook (online)
California § 24963., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24963..